Lake Company produces a single product that requires eight pounds of direct materials to produce each unit. Budgeted production for the next four months is given below:  Budgeted units to be produced July 47,100 units August 26,900 units September 54,300 units October 36,200 units The company wants to maintain monthly ending inventories of direct materials equal to 33% of the production needs of the next month. Direct materials are purchased at a cost of $1.25 per pound. The company is in the process of preparing a direct materials purchases budget. Calculate the total cost of direct materials budgeted to be purchased in September.