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Thao Company has the following information for sales and production budgets for Q1 for its laptop bags: Jan Feb March Sales Budget 2,900 4,500 1,800

Thao Company has the following information for sales and production budgets for Q1 for its laptop bags:

Jan Feb March
Sales Budget 2,900 4,500 1,800
Production Budget 3,000 5,000 2,000
  • Each laptop bag requires 2 feet of fabric.
  • At the end of each month, Thao Company wants to have 10% of the following month's need as ending inventory for fabric raw materials.
  • Every 1 foot of fabric costs $.51

What is the raw materials budget for fabric for February in dollars? (Round to the nearest dollar)

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