Morganton company makes one product and it provided the following information to help prepare the master budget:

A. The budgeted selling price per unit is $65. Budgeted unit sales for June, July, August, and September are 9300, 24,000, 26,000, and 27,000 units, respectively. All sales are on credit.

B. 40% of credit sales are collected in the month of the sale in 60% in the following month.

C. The ending finished goods inventory equals 30% of the following months unit sales.

D. The ending Royal materials inventory equals 20% of the following months from materials produced production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.50 per pound.

E. 30% of all materials purchases are paid for in the month of purchase and 70% in the following month.

F. The direct labor wage rate is $14 per hour. Each unit of finished goods requires to direct labor-hours.

G. The variable selling and administrative expense per unit sold is $1.90. The fixed selling and administrative expense per month is $63,000.

if 105,200 pounds of raw materials are needed to meet production in August, what is the estimated cost of raw materials purchases for July?