Sanks Company's production budget is below:FebruaryMarch$20,00040\mathrm{.}000$Each unit requires $3$ pounds of direct material. Sanks's policy for ending direct materials inventory is $20\%$ of the next month's production needs.How many pounds of direct materials should be purchased in February?Direct Materials BudgetUnits to Produce$*$ DM quantity used per unit$-$ Quantity Needed for Production $($Production Needs$)+$ Desired $($budgeted$)$ ending inventoryBeginning inventory.$=$ Quantity to PurchaseX Cost per unit of Direct Material Tota Direct Material Cost