Sunrise Poles manufactures hiking poles and is planning on producing 2,477 units in March and 2,062 in April. Each pole requires a half pound of material, which costs $1.6 per pound. The companys policy is to have enough material on hand to equal 9% of the next months production needs and to maintain a finished goods inventory equal to 29% of the next months production needs. What is the budgeted cost of purchases for March? Round to the nearest penny, two decimal places. You Answered 1,682.8 Correct Answer 1,885.32 margin of error +/- 0.0