Nevis Motors manufactures a product requiring 0.5 ounces of platinum per unit. The cost of platinum is approximately $370 per ounce; the company maintains an ending platinum inventory equal to 10% of the following month's production usage. The following data were taken from the most recent quarterly production budget:

	July	August	September
Planned production in units	2,400	2,500	2,380

The cost of platinum to be purchased to support August production is: