Concord Company has 5,243 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,520 and 5,900 units, respectively. 4 pounds of raw materials are needed for each unit, and the estimated cost per pound is $7. Management desires an ending inventory equal to 29% of next months materials requirements. Prepare the direct materials budget for January. (Round intermediate calculations and final answer to 0 decimal places, e.g. 5,275.)