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20x1. Five units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods January 1 44,000
20x1. Five units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods January 1 44,000 15,000 92,000 December 31 53,000 15,000 66,000 Required: 1. If Bodin Company plans to sell 452,000 units during the year, compute the number of units the firm would have to manufacture during the year. 2. If 514,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased
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