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I would appreciate it if you could please show me the steps and formulas used to get to the answers--thank you! Greener Grass Fertilizer Company
I would appreciate it if you could please show me the steps and formulas used to get to the answers--thank you! Greener Grass Fertilizer Company plans to sell 200,000 units of finished product in July and anticipates Budgeting Productfon and Exercise 9-25 a growth rate in sales of 5 percent per month. The desired monthly ending inventory in units of finished Raw-Material Purchases product is 80 percent of the next month's estimated sales. There are 160,000 finished units in inventory (LO 9-3, 9-6) on June 30. Each unit of finished product requires four pounds of raw material at a cost of $1.15 per pound. There are 700,000 pounds of raw material in inventory on June 30. Required: 1. Compute the company's total required production in units of finished product for the entire three- month period ending September 30. 2. Independent of your answer to requirement (1), assume the company plans to produce 600,000 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
I would appreciate it if you could please show me the steps and formulas used to get to the answers--thank you!
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