Question
Gillman Co. is forecasting sales of 62,100 units of product for August. To make one unit of finished product, 7 pounds of raw materials are
| Gillman Co. is forecasting sales of 62,100 units of product for August. To make one unit of finished product, 7 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) | 74,800 | 68,300 | ||||
| Finished goods (units) | 5,650 | 8,040 |
| Required: |
| a. | Calculate the number of units of product to be produced during August. number of units be produced: |
| b. | Calculate the number of pounds of raw materials to be purchased during August. |
number of pounds purchased: |
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Governmental And Nonprofit Accounting Theory And Practice
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
9th Edition
0132552728, 9780132552721
