Bodin Company budgets on an annual basis. The following beginning and ending inventory levels $($in units$)$ are plannned for the year $20$x$1.$ Five units of raw material are required to produce each unit of finished product.

January $1$ December $31$

Raw material $42,00053,000$

Work in process $13,00013,000$

Finished goods $92,00055,000$

Required:

If Bodin Company plans to sell $474,000$ units during the year, compute the number of units the firm would have to manufacture during the year.

If $511,000$ finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased.