Perine Company has 2,296 pounds of raw materials in its December 31,2016, ending inventory. Required production for January and February of 2017 are 4,100 and 5,620 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 28% of next month's materials requirements. Prepare the direct materials budget for January. (Round intermediate calculations and final answer to O decimal places, eg. 5,275.) PERINE COMPANY Direct Materials Budget For the Month Ending January 31,2017 Units to be Produced 4100 Total Required Direct Labor Hours Direct Materials Per Unit Direct Labor Time Per Unit Total Pounds Required for Production Direct Labor Cost Per Hour Total Materials Required Units to be Produced Direct Materials Purchases Total Direct Labor Cost Cost Per Pound Beginning Materials Inventory Desired Ending Inventory Total Cost of Direct Materials Purchases Direct Materials Purchases 8200 3147 11347 (2296) 9051 Cost Per Pound Direct Materials Purchases 54306