Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 7.5 kilograms of the raw material Jurislon. Budgeted production of Miniwarps for the next five months is as follows:
August 23,100 units
September 21,800 units
October 23,200 units
November 24,400 units
December 24,100 units
The company wants to maintain monthly ending inventories of Juris!on equal to 25% of the following month's production needs. On July 31, this requirement was not met since only 11,300 kilograms of Jurislon were on hand. The cost of Jurision is $23 per kilogram. The company wants to prepare a Direct Materials Purchase Budget for the next five months.
Required:
a. The total cost of Jurislon to be purchased in August is ____________.