Sprocket Toy Company plans to manufacture 123,000 units of GidgetSpinners in December. Two types of materials are used to make each unit of this product: four ounces of Material A, costing $0.30 per ounce and two ounces of Material B, costing $0.50 per ounce.

Budgeted Raw Materials Inventory - December

Beginning Inventory Ending Inventory

Material A 8,000 ounces 12,000 ounces

Material B 5,000 ounces 4,000 ounces

What is the total Purchases Budget of Raw Materials in December? (Round to the nearest $1.00)