Oriole Company has 2,200 pounds of raw materials in its December 31, 2021, ending inventory. Required production for January and February of 2022 are 4,400 and 5,500 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. ORTOLE COMPANY Direct Materials Budget For the Ouarter Endina Januarv 31, 2022 Beginning Materials Inventorv Direct Materials Per Unit Units to be Produced Total Materials Required Direct Materials Purchases CostPer Pound Total Cost of Direct Materials Purchases $