Question 6 (4 points) Ch. 8 - The following budgeted data is presented for Timeless Corporation: April May June Sales in units 15,100 20,200 18,100 Production in units 18,100 19,100 17,000 One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 25% of the following month's production needs. Purchases of raw materials for May would be budgeted to be: 18,575 pounds 19,675 pounds 19,625 pounds 18,525 pounds