Perine Company has 2,970 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,500 and 6,000 units, respectively. 3 pounds of raw materials are needed for each unit, and the estimated cost per pound is \$7. Management desires an ending inventory equal to 22% of next month's materials requirements. Prepare the direct materials budget for January. Total Direct Labor Cost Desired Ending Inventory Total Cost of Direct Materials Purchases Direct Materials Purchases Direct Materials Per Unit Beginning Materials Imventory Total Materials Required Direct Labor Time Per Unit Total Required Direct Labor Hours Cost Per Pound Total Pounds Required for Production Direct Labor Cost Per Hour Units to be Produced