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Gillman Co. is forecasting sales of 62,000 units of product for August. To make one unit of finished product, 5 pounds of raw materials are

Gillman Co. is forecasting sales of 62,000 units of product for August. To make one unit of finished product, 5 pounds of raw materials are required. Actual beginning and desired ending inventories of raw materials and finished goods are:

August 1
(Actual)
August 31
(Desired)
Raw materials (pounds) 74,700 68,200
Finished goods (units) 5,900 8,300
a. Calculate the number of units of product to be produced during August
b. Calculate the number of pounds of raw materials to be purchased during August.

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