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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 5,700 units, respectively. 3 pounds of raw materials are needed for each unit, and the estimated cost per pound is $8. Management desires an ending inventory equal to 22% of next month's materials requirements. Prepare the direct materials budget for January PERINE COMPANY Direct Materials Budget PERINE COMPANY Direct Materials Budget For the Quarter Ending January 31, 2020 January 31, 2020 For the Month Ending January 31, 2020 >> > > $ Direct Materials Budget Total Required Direct Labor Hours Total Direct Labor Cost Total Cost of Direct Materials Purchasas Desired Ending Inventory Cost Per Pound Total Materials Required Direct Materials Per Unit Total Pounds Required for Production Direct Labor Time Per Unit Units to be produced Direct Materials Purchases Direct Labor Cost Per Hour Beginning Materials inventory