Monty. Inc manufactures afghans. The budgeted units to be produced and sold are as follows: If takes 18 yards of yarn to produce an atghan. The company's policy is to maintain yarn at the end of each month equal to 5% of next month's production needs and to maintain a finished goods imventory at the end of each month equal to 20% of next month's anticipated production needs. The cost of yarn is $0.30 a yard. At August 1, 3,060 yards of yarn were on hand. Corpute the budieted cost of direct materials purchases for August. Budgeted cost of direct materials purchases for August