Daniel Co. manufactures leather briefcases and carryalls. Daniel's production manager has provided the following production budget. Each briefcase or carryall requires 1.2 yards of leather fabric and Daniel maintains an ending inventory of leather fabric equal to 25% of the next month's production needs. February 51600 March 43800 April 60200 May 64700 June 58400 If each yard of leather fabric costs $8.50, how much should Danial budget ifor purchases of fabric in April