Bodin Company budgets on an annual basis. The following beginning and ending inventory levels $($in units$)$ are plannned for the year $201.$ Five units of raw material are required to produce each unit of finished product.

$\backslash$table$[[,$January $1,$December $31],[$Raw material,$42,000,47,000],[$Work in process,$15,000,15,000],[$Finished goods,$87,000,66,000]]$

Required:

If Bodin Company plans to sell $460,000$ units during the year, compute the number of units the firm would have to manufacture during the year.

If $503,000$ finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased.

Answer is complete but not entirely correct.

$\backslash$table$[[1.$ Required production in units,$481,000ox$