The budget components for Ayayai Company for the quarter ended June $30$ appear below. Ayayai sells recycling bins for $$10$ each.

Budgeted production for the next three months is:

April $24,000$ units

May $,45,000$ units

June $,29,000$ units

Ayayai desires to have recycling bins on hand at the end of each month equal to $20$ percent of the following month's budgeted sales in

units. On March $31,$ Ayayai had $3,500$ bins on hand. Five pounds of plastic are required for each recycling bin. At the end of each

month, Ayayai desires to have $10$ percent of the following month's direct material needed for production on hand. At March $31,$ Ayayai

had $12,000$ pounds of plastic on hand. The direct materials used in production cost $$0\mathrm{.}50$ per pound. Each recycling bin produced

requires $0\mathrm{.}10$ hours of direct labor.

Compute the budgeted dollar value of the ending direct materials inventory at the end of May.