Dustman Manufacturing Corporation's most recent production budget indicates the following required production:

	January			February		March		April
Required production (units)	4,000			6,000		5,500		5,000

Each unit of finished product requires 3 feet of raw materials. The company maintains raw materials inventory equal to 2,000 feet plus 10% of the next month's expected production needs. The raw material used in Dustman Manufacturing Corporation's product costs $4.50 per foot. What is the value of raw material that Dustman Manufacturing should plan on purchasing for the month of February?

Multiple Choice

$73,575

$74,250

$81,000

$80,325