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Osage, Inc., has actual sales for May and June and forecast sales for July, August, September, and October as follows Actual: May June 5,980 units
Osage, Inc., has actual sales for May and June and forecast sales for July, August, September, and October as follows Actual: May June 5,980 units 6,220 units Forecast: July August September 5,540 units October 6,060 units 6.700 units 5,300 units 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 is currently estimated that there will be 4.242 units or the months of July, August, and September. Required n hand at the end of June. Calculate the number of units to be produced in each ot July August September Production b. Each unit of finished product requires 4 pounds of raw materials. The firm's policy is to have raw material inventory on hand at the e of each month that is equal to 55% of the next month's estimated usage. It is currently estimated that 26,400 pounds of raw materials be on hand at the end of June. Calculate the number of pounds of raw materials to be purchased in each of the months of July and August July August Purchases
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