Syntex Corporation has the following Production Budget data: Expected Sales in Units Units July 53,000 August 60,000 September 55,000 October 62,000 November 58,000 December 64,000 Additional Information: Units on hand at the end of June equaled 20,000 units Ending finished goods inventory should equal 20% of next month's expected sales Each unit of production requires 3 pounds of raw material Each pound of raw material costs $1.5 per pound Ending raw material inventory should equal 10% of next months production needs Raw materials on hand at the end of June were 21,000 pounds It takes 3.25 hours of direct labor to produce each unit Direct Labor Wage Rate is $18 per Direct Labor Hour Variable Overhead is applied at $2.5 per Direct Labor Hour Fixed Overhead per month amounts to $25,000 Variable Selling and Administrative expense is $2.2 per unit Fixed Selling and Administrative expense is $51,000 per month REQUIRED: What is the dollar amount of the Direct Materials Budget for AUGUST? (Enter as a whole number without decimals, commas, or a dollar sign)