Bell expects to produce 1,900 finished goods units in January and 2,200 finished goods units in February. The company budgets 4 pounds of Direct Materials is used to manufacture each finished goods unit. The company budgets the cost of Direct Materials to be $12 per pound. (Indirect materials are insignificant and not considered for budgeting purposes.) The balance in the Raw Materials Inventory account (all direct materials) on January 1 is 4,830 pounds. Bell desires the ending balance in Raw Materials Inventory to be 25% of the next month's direct materials needed for production. Desired ending balance for February is 4,960 pounds. The budgeted cost of purchases of direct raw materials in February is The budgeted cost of purchases of direct raw materials in February is $113,740 $159,550 $143,670 $128,380 $138,720