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A company has prepared a production budget for the upcoming quarter as follows: April May June Finished 15,513 15,862 15,418 Units 6 pounds of raw
A company has prepared a production budget for the upcoming quarter as follows: April May June Finished 15,513 15,862 15,418 Units 6 pounds of raw material are required to make 1 finished unit. The company desires an ending raw materials inventory for each month equal to 20% of the following months production (in units of raw material). How many pounds of raw material should be purchased in May? Round your answer to the nearest whole number. Don't round any intermediate calculations
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