At the beginning of February, the following was determined for a particular product:

Standard Quantity of material per unit	3 lbs.
Standard Price of material	$2.00 per lb.
Budgeted Units to be produced	5,000 units

The following data pertain to operations concerning the product for February:

Beginning Materials Inventory	1,200 lbs.
Ending Materials Inventory	900 lbs.
Actual Units Produced	5,100 units
Materials Purchase Price Variance	$1,520 Favorable
Materials Quantity Variance	$400 Unfavorable

What was the actual cost of materials purchased in February?