Angular Material's input field is not correctly binding to localeString

I'm currently utilizing Angular Material 11.2, and I have a specific need to convert the inputted string into US dollars format.

My attempts so far include:

<input matInput formControlName="test" (onkeyup)="onKeyUpTest($event)" type="text">

onKeyUpTest(event){
var localNum = event.target.value.toLocaleString('en-US');
this.formGroup.patchValue({
'test': localNum
)}
}

Although this successfully binds the value, it does not include commas for thousand separators. Any assistance on this matter would be highly appreciated.

Thank you in advance.

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