Ivanhoe Company's sales budget projects unit sales of part 1982 of 10,800 units in January, 12,400 units in February, and 13,200 units in March. Each unit of part 198Z requires 4 pounds of materials, which cost $2 per pound. Ivanhoe Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2021. Prepare a direct materials budget for January 2022. IVANHOE COMPANY Direct Materials Budget