Gillman Co. is forecasting sales of 62,100 units of product for August. To make one unit of finished product, 7 pounds of raw materials are required. Actual beginning and desired ending inventories of raw materials and finished goods are:
|
August 1 (Actual)
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August 31 (Desired)
|
|
Raw materials (pounds)
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74,800
|
68,300
|
|
Finished goods (units)
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5,650
|
8,040
|
Required:
a. Calculate the number of units of product to be produced during August.
number of units be produced:
b. Calculate the number of pounds of raw materials to be purchased during August.
number of pounds purchased: