Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year 20x1. Three units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods Required: January 1 December 31 40,000 53,000 12,000 12,000 89,000 76,000 1. If Bodin Company plans to sell 466,000 units during the year, compute the number of units the firm would have to manufacture during the year. 2. If 506,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased. 1. Required production in units 2. Raw material purchases in units