Perine Company 6.075 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4.500 and 5.800 units, respectively, 5 pounds of raw materials are needed for each unit, and the estimated cost per pound is $8. Management desires mending inventory equal to 27% of next months material requirements. Prepare the direct materials budget for January PERINE COMPANY Direct Materials Budget 1