.Sheridan Company has 2,280 pounds of raw materials in its December 31, 2021, ending inventory. Required production for January and February of 2022 are 4,560 and 5,700 units, respectively. 2 pounds of raw materials are needed for each unit, and the estimated cost per pound is $6. Management desires an ending inventory equal to 25% of next months materials requirements. Prepare the direct materials budget for January.