Left Company makes and sells a single product. It takes four pounds of direct materials to make one unit. The number of units expected to be produced for the next three months appears below: July August September Budgeted Production 14,000 units 26,000 units 23,000 units The company wants to maintain monthly ending inventories of direct materials equal to 35% of the next month's production needs. The cost of direct materials is $2.75 per pound. Left Company is in the process of preparing a direct materials purchases budget. Calculate the total cost of direct materials budgeted to be purchased in July