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A company is working on their budgets for the year 2021. They produce two unique products: Degreaser and Polish. The Degreaser has two Raw
A company is working on their budgets for the year 2021. They produce two unique products: Degreaser and Polish. The Degreaser has two Raw Materials: soap and baking soda. The Polish also has two Raw Materials: ketchup and salt. The table below has a few of their expectations for 2021. Expected Finished Goods to produce Degreaser: 8,564 units in 2021 Polish: 33,709 units Raw Materials used in production of Soap: 4.6 oz at $0.525 per oz one unit of Degreaser Baking Soda: 7.8 oz at $0.464 per oz Raw Materials used in production of Ketchup: 3.1 oz at $0.528 per oz one unit of Polish Estimated beginning quantities of Raw Materials Inventory Desired ending quantities of Raw Materials Inventory Estimated beginning quantities of Finished Goods Inventory Salt: 6.5 oz at $0.323 per oz Soap: 1,623.9 oz Baking Soda: 2,265.1 oz Ketchup: 33,423.0 oz Salt: 40,111.0 oz Soap: 1,953.6 oz Baking Soda: 2,452.3 oz Ketchup: 39,135.3 oz Salt: 45,532.5 oz Degreaser: 13,274 units Polish: 21,660 units Desired ending quantities of Finished Degreaser: 13,399 units Goods Inventory Polish: 21,067 units
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