Exercise 9-23 Budgeting Production and Direct-Material Purchases (LO 9-3, 9-6) Bodin Company budgets on an annual basis. The following beginning and ending Inventory levels (In units) are plannned for the year 20x1. Three units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods January 1 December 31 36,800 54,800 19,680 19,800 93,888 65,000 Required: 1. If Bodin Company plans to sell 478,000 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