Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $37,600. Cash receipts are expected to be $647,000 and cash payments for purchases are expected to be $611,500. Other cash expenses expected are $27,600 selling and $34,100 general and administrative. The company desires a minimum cash balance at the end of each month of $36,000. If necessary, the company borrows enough cash to meet the minimum using a short-term note. The amount Webster must borrow during April is: Alliance Company's budgets production of 20,000 units in January and 24.000 units in the February. Each finished unit requires 3 pounds of raw material K that costs $2.00 per pound. Each month's ending raw materials inventory should equal 30% of the following month's budgeted materials. The January 1 inventory for this material is 18.000 pounds. What is the budgeted materials cost for January