Ivanhoe Company has 2,090kg of raw materials in its December 31,2022 , ending inventory. Required production for January and February is 5,140 and 5,840 units, respectively. 2 kilograms of raw materials are needed for each unit, and the estimated cost per kilogram is $6. Management wants an ending inventory equal to 25% of next month's materials requirements. Prepare the direct materials budget for January. IVANHOE COMPANY Direct Materials Budget For the Month Ending January 31, 2023