Donald Co. manufactures leather briefcases and carryalls. Donald's production manager has provided the following production budget. Each briefcase or carryall requires 1.2 yards of leather fabric and Donald maintains an ending inventory of leather fabric equal to 25% of the next month's production needs.

	February	March	April	May	June
Budgeted production	50500	44000	59900	63300	57800

If each yard of leather fabric costs $6.40, how much should Donald budget for purchases of fabric in February?

$472320

$375360

$317440

$387840