Oriole Company has $1,664$ pounds of raw materials in its December $31,2026,$ ending inventory. Required production for January and February of $2022$ are $4,160$ and $5,200$ units, respectively. Two pounds of raw materials are needed for each unit, and the estimated cost per pound is $$7.$ Management desires an ending inventory equal to $20\%$ of next month's materials requirements.

Prepare the direct materials budget for January.