Korenewych Company has 1 ,200 pounds of raw materials in its December 3 1 2002, ending inventory. Required production for January and February are 4,000 and 5,000 units, respectively. Two pounds of raw materials are needed for each unit, and the estimated cost per pound is $6. Management desires an ending inventory equal to 15% of next month's materials requirements. Prepare the direct materials budget for January.