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Doanne Food Processing expects to have 51,000 pounds of raw materials inventory on hand on March 31, the end of the current year. The company
Doanne Food Processing expects to have 51,000 pounds of raw materials inventory on hand on March 31, the end of the current year. The company budgets the following production (in units) for April through July, inclusive: April May June July 135,000 145,000 169,000 135,000 At the end of each month the firm desires its ending raw material inventory to be 10% of the next month's production needs. Each finished unit requires four pounds of raw materials. Doanne's budgeted purchases (in pounds) of raw materials for June would be
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