Oriole Company has 1,760 pounds of raw materials in its December 31, 2021, ending inventory. Required production for January and February of 2022 are 3,520 and 4,400 units, respectively. 2 pounds of raw materials are needed for each unit, and the estimated cost per pound is $6. Management desires an ending inventory equal to 25% of next month's materials requirements. Prepare the direct materials budget for January