The budget components for Swifty Company for the quarter ended June $30$ appear below. Swifty sells recycling bins for $$14$ each. Budgeted production for the next three months is:

April $24,500$ units

May $,45,000$ units

June $,31,500$ units

Swifty 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 $31,$ Swifty had $4,500$ bins on hand. Five pounds of plastic are required for each recycling bin. At the end of each month, Swifty desires to have $10$ percent of the following month's direct material needed for production on hand. At March $31,$ Swifty had $12,250$ pounds of plastic on hand. The direct materials used in production cost $$0\mathrm{.}70$ 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.

Cost of ending inventory $