Perrine Company has 4, 540 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4, 540 and 5, 650 units, 5 pounds of raw materials are needed for unit, and the estimated cost per pound is $8. Management desires an ending inventory equal to 20% of next month's materials requirements. Prepare the direct materials budget for January. (Round intermediate calculations and initial answer to 0 decimal places, e.g. 5, 27s.)