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A company has budgeted production for the upcoming quarter as follows: January, 37,500 units; February, 41,000 units; and March, 34,500 units. Each unit of product

A company has budgeted production for the upcoming quarter as follows: January, 37,500 units; February, 41,000 units; and March, 34,500 units. Each unit of product requires 15 pounds of materials. The company's policy is to maintain an ending direct materials inventory equal to 12% of the coming month's production requirements. How many pounds of direct materials shoul budgeted for purchase in February?

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