Cactus Cover Corporation produces a plant cover to help plants stay shaded and cool in the hot summer sun. Each plant cover requires 3.5 yards of a special patented fabric. During the first five months of the year, Cactus Cover Corporation budgets that they will produce the following covers: January 24,500 covers February 23,200 covers March 24,600 covers April May 25,800 covers 25,500 covers The corporation desires a monthly ending inventory of the fabric equal to 25% of the fabric needed for the following month's budgeted However, on January 1, the company had only 12.700 yards of fabric on hand. The cost of the fabric is expected to be $26 per yard cost of the fabric to be purchased in January is: