Brief Exercise 9-4 Perine Company has 2,200 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,400 and 5,700 units, respectively. 2 pounds of raw materials are needed for each unit, and the estimated cost per pound is $6. Management desires an ending inventory equal to 25% of next month's materials requirements. Prepare the direct materials budget for January. PERINE Direct Materials Budget