Award: 2.85 points 8 You did not receive full credit for this question in a previous attempt Olympia Productions Inc. makes award medallions that are attached to ribbons. Each medallion requires 18 inches of ribbon. The sales forecast for February is 2.000 medallions. Estimated beginning inventories and desired ending inventories for February are as follows: (Assume 18 inches = 0.5 yards) Estimated Beginning Inventory 1,200 80 Desired Ending Inventory 800 30 Medallions Ribbon yards) Required: a. Calculate the number of medallions to be produced in February. Number of medallions produced 1,400 b. Calculate the number of yards of ribbon to be purchased in February 650 2. Award: 2.85 points You did not receive full credit for this question in a previous attem Gillman Co. is forecasting sales of 61.500 units of product for August. To make one unit of finished product, 6 pounds of raw materials are required. Actual beginning and desired ending inventories of raw materials and finished goods are as follows: August 1 (Actual) 74,800 5,280 August 31 (Desired) 68,000 8,630 Raw materials (pounds) Finished goods (units) Required: a. Calculate the number of units of product to be produced during August. Number of units be produced 64,640 b. Calculate the number of pounds of raw materials to be purchased during August. 381,040