Perine Company has 4,048 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,400 and 6,100 units, respectively. 4 pounds of raw materials are needed for each unit, and the estimated cost per pound is $9. Management desires an ending inventory equal to 23% of next months materials requirements. Prepare the direct materials budget for January.