James Co. manufactures leather briefcases and carryalls. James's production manager has provided the following production budget. Each briefcase or carryall requires 1.2 yards of leather fabric and James maintains an ending inventory of leather fabric equal to 20% of the next month's production needs. February March April May June Budgeted production 50000 43000 59000 63000 57000 If each yard of leather fabric costs $6.40, how much should James budget for purchases of fabric in February? $384000 $450048 $373248 $328960