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6) The ABC Company budgets on an annual basis for its fiscal year. The following beginning and ending raw materials inventory levels are planned for
6) The ABC Company budgets on an annual basis for its fiscal year. The following beginning and ending raw materials inventory levels are planned for the fiscal year of January 1, 2022 to December 31, 2022: 4,000 kilos on January 1 and 3.000 kilos on December 31. The ABC Company requires 4 kilos of raw materials to produce each unit of finished product. The company plans to produce 200,000 units during the 2022 fiscal year . . Calculate how many kilos of materials will the company need to purchase for its production during the year
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