Waterway Company has 1,950 kg of raw materials in its December 31, 2022, ending inventory. Required production for January and February is 4,780 and 6,200 units, respectively. 2 kilograms of raw materials are needed for each unit, and the estimated cost per kilogram is $5. Management wants an ending inventory equal to 25% of next month's materials requirements. Prepare the direct materials budget for January. EA $ WATERWAY COMPANY Direct Materials Budget For the Month Ending January 31, 2023