Check my work Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year 20X1. Five units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods January 1 42,000 18,000 95,000 December 31 50,000 18,000 79,000 Required: 1. If Bodin Company plans to sell 470,000 units during the year, compute the number of units the firm would have to manufacture during the year. 2. If 514,000 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