Prepare a direct materials BE9-4 Perine Company has 2,000 pounds of raw materials in its December 31, 2016, end- budget for I month. ing inventory. Required production for January and February of 2017 are 4,000 and 5,000 units, respectively. Two pounds of raw materials are needed for each unit, and the esti- mated cost per pound is $6. Managem ent desires an ending inventory equal to 25% of next month's materials requirements. Prepare the direct materials budget for January (LO 2), AP