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Greener Grass Fertilizer Company plans to sell 230,000 units of finished product in July and anticipates a growth rate in sales of 5 percent per

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Greener Grass Fertilizer Company plans to sell 230,000 units of finished product in July and anticipates a growth rate in sales of 5 percent per month. The desired monthly ending inventory in units of finished product is 7'0 percent ofthe next month's estimated sales. There are 161000 finished units in inventory on June 30. Each unit offinished product requires 5 pounds of raw material at a cost of $2.05 per pound. There are 860000 pounds of raw material in inventory on June 30. Required: 1. Compute the company's total required production in units offinished product for the entire three-month period ending September 30. (Round all intermediate calculations and your final answer to the nearest unit.) 2. Independent of your answer to requirement 1. assume the company plans to produce 780.000 units of finished product in the three month period ending September 30, and to have raw-material inventory on hand at the end ofthe three-month period equal to 25 percent ofthe use in that period. Compute the total estimated cost of rawmaterial purchases for the entire threemonth period ending September 30. . Total required production in units . Total estimated cost

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