The following are budgeted data: Sales in units Production in units January February March 16,300 19,300 22,600 19,300 20,300 18,800 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 February would be budgeted to be: (2.5) 1) 20,675 pounds 2) 19,925 pounds 3) 20,425 pounds 4) 18,375 pounds