Big Watches Co. makes one product and it provided the following information to help prepare the master budget for its first four months of operations:

• The budgeted selling price per unit is $83. Budgeted unit sales for September, October, November, and December are 16,000, 19,000, 18,000, and 16,000 units, respectively. All sales are on credit.
• 35% of credit sales are collected in the month of the sale and 65% in the following month.
• The ending finished goods inventory equals 17% of the following months unit sales.
• The ending raw materials inventory equals 25% of the following months raw materials production needs. Each unit of finished goods requires 11 pounds of raw materials. The raw materials cost $12.00 per pound.
• 25% of raw materials purchases are paid for in the month of purchase and 75% in the following month.

Assume 51,000 pounds of raw materials are needed to meet production in November, what is the estimated cost of raw materials purchases for October? Note that with the above given information, you can compute the budgeted pounds of raw material needed to meet production in November, but to solve this problem, ignore your computed number of pounds of raw material needed to meet production in November and use the assumed number given.

Round your answer to the nearest whole number. (show answer clearly )