CHOP Inc., which makes only one product, Yester, has the following information available for the coming year. CHOP expects sales to be 27,000 units at $32 per unit. The current inventory of Yester is 3,500 units. CHOP wants an ending inventory of 4,200 units. Each unit of Yester takes two units of component K. Component K is estimated to cost $9 per unit. Current inventory of K is 3,900 units. CHOP wants 5,800 units of K on hand at the end of the next year. What is the budgeted ending inventory cost for direct materials for the next year?

$70,200

$66,600

$31,500

$52,200