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Gillman Company is forecasting sales of 62,500 units of product for August. To make one unit of finished product, 4 pounds of raw materials
Gillman Company is forecasting sales of 62,500 units of product for August. To make one unit of finished product, 4 pounds of raw materials are required. Actual beginning and desired ending inventories of raw materials and finished goods are as follows: Raw materials (pounds) Finished goods (units) Required: August 1 August 31 (Actual) (Desired) 74,700 5,660 67,800 8,670 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. a. Number of units be produced b. Number of pounds purchased
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