GreenThumb Organic Fertilizer Company plans to sell $220,000$ 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 $70$ percent of the next month's estimated sales. There are

$154,000$ finished units in inventory on June $30.$ Each unit of finished product requires $5$ pounds of

raw material at a cost of $$1\mathrm{.}65$ per pound. There are $820,000$ pounds of raw material in inventory

on June $30.$

Required:

Compute the company's total required production in units of finished product for the entire

three$-$month period ending September $30.$

Note: Round all intermediate calculations and your final answer to the nearest unit.

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 of the three$-$month period equal to $25$ percent of the use

in that period. Compute the total estimated cost of raw$-$material purchases for the entire three$-$

month period ending September $30.$

Total required production in units

$717,824$

Total estimated cost