The Bradford Company had budgeted production for the year as follows: Quarter Production in units 1 40,000 2 48,000 3 55,000 4 64,000 Five pounds of raw materials are needed for each unit produced. Raw materials on hand at the start of the year total 12,000 lbs. The raw materials inventory at the end of each quarter should equal 15% of the next quarter's production needs in materials. What would budgeted purchases of raw materials in the second quarter be (in lbs.)?