Question 4 The following budgeted information is provided: Month 2 Sales in units 17.000 22.000 20,000 Production in units 18.000 24,000 17,000 One pound of materials is required for each finished unit. The inventory of materials at the end of each month should equal 20% of the following month's production needs. At the beginning of Month t, there were 3600 lbs. of materials on hand. Purchases of raw materials for Month 1 would be in pounds) 26.200 24.000 27.000 19.200