14 Practice Check my Osage Inc. has actual sales for May and June and forecast sales for July August September, and October as follows: 5.80 units 6,190 units Actual: Hay June Forecasti July August September October 5,938 units 6,758 units 5,649 units 5,328 units Required: - The firm's policy is to have finished goods inventory on hand at the end of the month that is equal to 60% of the next month's sales It is currently estimated that there will be 3558 units on hand at the end of June. Calculate the number of units to be produced in each of the months of July, Augustand September July August September Production It is currently estimated that there will be 3,558 units on hand at the end of June Calculate the number of units to be produced in each of the months of July, August. and September A Seibel Production ped Book ferences b. Each unit of finished product requires 7 pounds of raw materials. The firm's policy is to have raw material inventory on hand at the end of each month that is equal to 55% of the next month's estimated usage. It is currently estimated that 26.700 pounds of raw materials wel be on hand at the end of June Calculate the number of pounds of raw materials to be purchased in each of the months of July and August July August Purchases