The following are budgeted data: Sales in units Production in units January February March 16,200 22,400 19,200 19,200 20,200 18,700 One pound of material 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. Purchases of raw materials for February would be budgeted to be: Multiple Choice 20,500 pounds 20,400 pounds 19,900 pounds 18,300 pounds