ABC Company's budgeted sales for June, July, and August are 13,000, 17,000, and 14,700 units, respectively. ABC requires 40% of the next month's budgeted
ABC Company's budgeted sales for June, July, and August are 13,000, 17,000, and 14,700 units, respectively. ABC requires 40% of the next month's budgeted unit sales as finished goods inventory each month. Budgeted ending finished goods inventory for May is 5,200 units. Each unit that ABC Company produces uses 4 pounds of raw material. ABC requires 35% of the next month's budgeted production as raw material inventory each month. Required: Calculate the number of pounds of raw material to be purchased in June. Answer is complete but not entirely correct. Number of pounds 59,800
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