Prestwich Company has budgeted production for next year as follows: 5 pounds of material A are required for each unit produced The company has a policy of maintaining a stock of material A on hand at the end of each quarter equal to 10% of the next quarter rsquo s production needs for material A. A total of 38,000 pounds of material A are on hand to start the year. Budgeted purchases of material A for the second quarter would be: 222,500 pounds. 445,000 pounds. 450,000 pounds. 440,000 pounds