Aladdin Co. produces a specialized product, the Lamp XS. The following information relates to the co

Aladdin Co. produces a specialized product, the Lamp XS. The following information
relates to the company’s expected sales, standards for direct materials, and inventory
policies:
Month Anticipated sales
January 1,000 units
February 1,200 units
March 1,400 units
April 1,100 units
Direct materials:
Direct materials required for one unit Lamp XS 2 kilograms
Direct materials cost $12/kilogram
Inventory policies:
Ending inventory of the Lamp XS: 100 units plus 15% of next month’s anticipated sales.
Ending inventory of direct materials: $500 plus 10% of the direct materials cost of next
month’s production requirements.
What is the budgeted cost of the direct materials purchases in February?