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Legalos Company makes and sells a single product. It takes seven pounds of direct materials...

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Accounting

Legalos Company makes and sells a single product. It takes seven pounds of direct materials to produce one unit of this product. Budgeted production for the next three months is given below: Budgeted Units to be Produced February 18,500 units March 19,200 units April 14,300 units The company wants to maintain monthly ending inventories of direct materials that are equal to 45% of the following month's production needs. The cost of direct materials is $1.60 per pound. Calculate the total cost of direct materials budgeted to be purchased in February.

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