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