Perine Company has 2,296 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,100 and 5,600 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. PERINE COMPANY Direct Materials Budget Units to be Produced Direct Materials Per Unit Total Materials Required Add Desired Ending Inventory Total Materials Required Less : Beginning Materials Inventory Direct Materials Purchases Cost Per Pound $ Total Cost of Direct Materials Purchases $