Vaughn Company has 1,984 pounds of raw materials in its December 31,2021 , ending inventory. Required production for January and February of 2022 are 4,960 and 6,200 units, respectively. Two pounds of raw materials are needed for each unit, and the estimated cost per pound is $7. Management desires an ending inventory equal to 20% of next month's materials requirements. Prepare the direct materials budget for January