Tug Company makes and sells a single product. It takes

$2\mathrm{.}5$ pounds of direct materials to produce one unit of

this product. Budgeted production for the next four

months is given below:

budgeted units to be produced

September $27,300$

October $59,400$

November $35,800$

December $77,200$

The company wants to maintain monthly ending inventories

of direct materials equal to $60\%$ of the following month's

production needs. The cost of direct materials is $$3\mathrm{.}25$

per pound. The company is in the process of preparing a

direct materials purchases budget.

Calculate the cost of direct materials budgeted to be

purchased in November.