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On September 3 0 of Year 1 , JayBob Company had raw materials inventory of 5 , 0 0 0 pounds. Starting in October, JayBob
On September of Year JayBob Company had raw materials inventory of pounds. Starting in October, JayBob intends to have an inventory policy of maintaining ending raw materials inventory at the end of every month equal to the next TWO months production needs. For example, ending inventory at the end of October should be equal to forecasted raw materials needs for November production plus forecasted raw materials needs for December production.
Five pounds of raw materials are needed in the production of one finished unit.
Forecasted PRODUCTION for the months October, Year through December, Year is as follows.
October units
November units
December units
What is the amount of budgeted RAW MATERIALS PURCHASES for October?
pounds
pounds
pounds
pounds
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