Ub4-Orh Company makes and sells a single product. Budgeted production of this product for the next four months is as follows: February March April May budgeted units to be produced 27,100 42,200 77,300 16,400 Each unit produced requires 3 ounces of direct materials. The monthly ending inventory of direct materials should be equal to 165% of the next month's production needs. The cost of direct materials is $2.40 per ounce. Calculate the cost of direct materials budgeted to be purchased in March