B$)$ The Sirap Co$.$ budgeted production of $74200$ pens during the year. Assume that $8$ Ounces of ink is required to produce each pen. The January $1$ inventory is at $2500$ pounds of ink. The desired Dec. $31$ inventory is at $2100$ pounds of ink. If ink costs $$4\mathrm{.}10$ per pound, determine the direct materials purchases budget cost for the year. $($Hint$,$ first calculate the number of pounds of ink required for production. Note the Three inventory levels. Then multiply by $$4\mathrm{.}10$ per pound.$)$