Sheridan Company determines that 50000 pounds of direct materials are needed for production in July. There are 2800 pounds of direct materials on hand at July 1 and the desired ending inventory is 2400 pounds. If the cost per unit of direct materials is $3, what is the budgeted total cost of direct materials purchases?

Sheridan Company determines that 50000 pounds of direct materials are needed for production in July. There are 2800 pounds of direct materials on hand at July 1 and the desired ending inventory is 2400 pounds. If the cost per unit of direct materials is $3, what is the budgeted total cost of direct materials purchases?