Brief Exercise 22-04 Perine Company has 2,970 pounds of raw materials in its December for January and February of 2020 are 4,500 and 6,000 units, respectively. 3 pounds of raw materials are needed for each unit, and the estimated cost per pound is $7. Management desires an ending inventory equal to 22% of next month's materials requirements. Prepare the direct materials budget for January. PERINE COMPANY Direct Materials Budget