Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are planned for the year 20x1. Four units of raw material are required to produce each unit of finished product. January 1 December 31 Raw material 36 , 000 50 , 000 Work in process 17, 000 17, 000 Finished goods 92 , 000 55 , 000 Required: 1. If Bodin Company plans to sell 464,000 units during the year, compute the number of units the firm would have to manufacture during the year. 2. If 503,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased. Required production in units Raw material purchases in units