Godwin Company is preparing a budget to determine the amount of part G12 to produce for the first quarter of the year: and the amount of resin to purchase tor part G12. The company desires to have 40% of the next month's estimated sales of (312 In Inventory at the end of each month, GodWin has a very reliable supplier of resin and therefore deSires an ending inventory of only 10% of re5in needs for the next month's production Each unit of G12 requires three quarter of a pound of resin Projected sales of G12 for January. February and March are 30,000 units. 50.000 Ul'lltS' and 70,000 units respectively Requirements (a) How many units of part G12 Will GodWin budget to produce in January and February? (b) How many pounds of re5in Will GodWin budget to purchase in January') Requirement (a) How many units of part G12 Will GodWin budget to produce in January and February? Select the labels and enter the amounts to compute the units to be produced for the months ofJanuary and February January February Sales 30000 50000 DeSired ending inventory 201000 25.000 Units needed 50000 78,000 Less Beginning inventory w w Units to be produced $ $ Requirement (b) How many pounds of resm Wlll Godwin budget to purchase in January? Select the labels and enter the amounts to compute the pounds of resin to be purchased in January, January Requirement {bl Howr many pounds of resin will Godwin budget to purchase in January? Select the labels and enter the amounts to compute the pounds of resin to be purchased in January. January I:l: :; Total production needs :E Total material needs Less: Total material purchases l;| Godwin Company is preparing a budget to determine the amount of part G12 to produce for the first quarter of the year. and the amount of resin to purchase for part 612, The company desnes to have 40% of the next month's estimated sales of (312 in inventory at the end of each month, GodWin has a very reliable supplier of resin and therefore desnes an ending inventory otonly10% of reSin needs for the next month's production Each unit of G12 requires three quarter of a pound of resin Projected sales of (312 for January February and March are 30,000 units' 50000 units, and 70,000 units. respectively Requirements (a) How many units of part (312 Will Godwm budget to produce in January and February? [b] How many pounds of reSin Will Godwin budget to purchase in January? Beginning inventory Desired ending inventory 7 A :000 78000 Raw materials needed per unit E 20000 000 58 000 Returns -= = vill Godwin bud et to urchase in Janua ? Sales Q D W .' npute the pounds of resin to be purchased in January. Unite to be produced \"it ld Total production needs Total material needs ,GSS Total material purchases