Brief Exercise 9-4 Perine Company has 4,515 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,300 and 5,900 units, respectively. 5 pounds o raw materials are needed for each unit and the estimated cost per po und is S. Management des es an ending im entory equal .% ofee months materials requirements. Prepare the direct materials budget for January. PERINE COMPANY Direct Materials Budget For the Month Ending January 31, 2020 Units to be Produced Direct Materials Per Unit Total Pounds Required for Production Add Desired Ending Inventory Total Materials Required Less . Beginning Materials Inventory Direct Materials Purchases Cost Per Pound Total Cost of Direct Materials Purchases