en Balmforth Products, Inc. makes and sells a single product called a Bik. It takes three yards of Material A to make one Bik. Budgeted production of Biks for the next five months is as follows: February 14,000 March 15,500 April 11,900 12,600 June 14,500 The company wants to maintain monthly ending inventories of Material A equal to 20% of the following month's production needs. On January 31, this target had not been attained since only 2.013 yards of Material A were on hand. The cost of Material A is $1.41 per yard. The company wants to prepare a Direct Materials Purchases Budget May The total cost of Material A to be purchased in February is: O a. $69,494.67 O b. $60,489.00 O.c. $72,794.07 O d. $63,788.40