Osage Inc. has actual sales for May and June and forecast sales for July, August, September, and October as follows: 5.900 units 6.200 units Actual: May June Forecast: July August September. October 6,000 units 6,800 units 5,600 units 3.700 units a.The firm's policy is to have finished goods inventory on hand at the end of the month that is equal to 70% of the next month's sales. It is currently estimated that there will be 4,400 units on hand at the end of June. |b. Each unit of finished product requires 6.5 pounds of raw materials. The firm's policy is to have raw material inventory on hand at the end of each month that is equal to 60% of the next month's estimated usage. It is currently estimated that 26,000 pounds of raw materials will be on hand at the end of June. Requirement: Now instead of 70% and 60%, assume the firm's policy is to have finished goods inventory on hand at the end of the month that is equal to 60% of the next month's sales and to have raw materials inventory on hand at the end of each month that is equal to 35% of the next month's estimated usage. What are the number of pounds of raw materials to be purchased in July and August