Balmforth Products, Inc. makes and sells a single product called a Bik. It takes three yards of Material A to make one Bik. Budgeted production of Biks for the next two months is as follows: february $14,000$ units march $15,500$ units The company wants to maintain monthly ending inventories of Material A equal to $20\%$ of the following month's production needs. On January $31,$ this target had not been attained since only $2,000$ yards of Material A were on hand. The cost of Material A is $$0\mathrm{.}80$ per yard. The company wants to prepare a Direct Materials Purchases Budget. what is the total cost of Material A to be purchased in February?