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GreenThumb Organic Fertilizer Company plans to sell 2 2 0 , 0 0 0 units of finished product in July and anticipates a growth rate

GreenThumb Organic Fertilizer Company plans to sell 220,000 units of finished product in July and anticipates a growth rate in sales of 4 percent per month. The desired monthly ending inventory in units of finished product is 90 percent of the next months estimated sales. There are 198,000 finished units in inventory on June 30. Each unit of finished product requires 5 pounds of raw material at a cost of $1.95 per pound. There are 860,000 pounds of raw material in inventory on June 30.

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