The following budgeted information is provided: Month Sales in units Production in units 1 2 3 19,000 24,000 22,000 20,000 26,000 19,000 One pound of materials 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. At the beginning of Month 1, there were 5,000 lbs. of materials on hand. Purchases of raw materials for Month 1 would be (in pounds): Multiple Choice O 29,000 31,250. 21,500. 26.000