Kasson Company has budgeted units to be produced for the next five months as follows: budgeted units to be produced June July August September October 15,000 12,000 18,000 22,000 11,000 Kasson Company used the following information in creating its master budget for the year: 1. Ending direct materials inventory for each month should be equal to 130% of the next month's production needs. 2. Each unit produced requires 2.5 pounds of direct materials. 3. Direct materials are purchased for $2.30 per pound. Calculate the cost of direct materials budgeted to be purchased in August.