Olympia Productions Inc. makes award medallions that are attached to ribbons. Each medallion requires 18 inches of ribbon. The sales forecast for February is 2,500 medallions. Estimated beginning inventories and desired ending inventories for February are as follows: (Assume 18 inches = 0.5 yards) Estimated Beginning Inventory 1,000 80 Desired Ending Inventory 820 23 Medallions Ribbon (yards) Required: a. Calculate the number of medallions to be produced in February. Number of medallions produced b. Calculate the number of yards of ribbon to be purchased in February. Number of yards of ribbon purchased Drox Moyt