Yoder budgets $ 65 per luggage set for direct materials. Indirect materials are insignificant and not considered for budgeting purposes. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is $ 45,000. Yoder desires the ending balance in Raw Materials Inventory to be 40% of the next month’s direct materials needed for production. Desired ending balance for February is $ 46,800. Use this information and the production budget prepared in S22- 4 to prepare Yoder’s direct materials budget for January and February.