Perine Company has 2,610 pounds of raw materials in its December 31, 2013, ending inventory. Required production for January and February of 2014 are 4,350 and 5,830 units, respectively. 3 pounds of raw materials are needed for each and the estimated cost per pound is $7. Management desires an ending inventory equal to 20% next of month's materials requirements unit, Prepare the direct materials budget for January. PERINE COMPANY Direct Materials Budget For the Month Ending January 31, 2014 Click if you would like to Show Work for this question: Open Show Work