LLJ Corporation produces a single product that requires three yards of direct materials to produce each unit. LLJ has budgeted the number of units of this product to be produced over the next four months as follows: September October November December budgeted units to be produced 51,500 63,800 57,900 49,800 LLI wants to maintain monthly ending inventories of direct materials equal to 70% of the next month's production needs. The cost of direct materials is $2.60 per yard. Calculate the cost of direct materials budgeted to be purchased in November