Below are the sales and production budget for the Company:

Month	Budgeted Sales in units	Budgeted Production in units
February	8,000	7,400
March	9,000	8,800
April	9,200	9,500

Prepare a direct materials budget for March. How much, in total dollars, is the company's direct materials budget for March?

• Every unit requires 2 pounds of material. The materials are purchased at $20 per pound.
• Management's policy is to maintain ending direct materials on hand each month at a level equal to 5% of the following month's production budget.