Natural Mystic Manufacturing expects to produce 2,900 units in January and 3,600 units in February. Natural Mystic budgets $20 per unit for direct materials. Indirect materials are insignificant and not considered for budgeting purposes. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is $38,650. Natural Mystic desires the ending balance in Raw Materials Inventory to be 10% of the next month's direct materials needed for production. Desired ending balance for February is $60,100. What is the cost of budgeted purchases of direct materials needed for January?