Perine Company has $5,220$ pounds of raw materials in its December $31,2019,$ ending inventory. Required production for January and February of $2020$ are $4,500$ and $5,900$ units, respectively. $4$ pounds of raw materials are needed for each unit, and the estimated cost per pound is $$7.$ Management desires an ending inventory equal to $29\%$ of next month's materials requirements.

Prepare the direct materials budget for January.