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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 (unit):

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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 (unit): Sitka Industries made 2.571 ladders in July and used 8,218 pounds of material to make these units. Smith Industries bought 16,516 pounds of material in the current period. There was a $280 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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