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Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (

Sitka Industries uses a cost system that carries direct materials inventory at a standard cost. The controller has established these standards for one ladder (unit):
Sitka Industries cost standards
Standard Quantity Standard Price
Direct materials 4 pounds $4.16 per pound
Direct labor 3.75 hours $14.69 per hour
Sitka Industries made 2,730 ladders in July and used 8,147 pounds of material to make these units. Smith Industries bought 17,926 pounds of material in the current period. There was a $268 unfavorable direct materials price variance.
How much in total did Sitka pay for the materials purchased? Round to the nearest penny, two decimal places.

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