Osage Inc. has actual sales for May and June and forecast sales for July, August, September, and October as follows: 5,910 units 6,140 units Actual: May June Forecast: July August September October 6,060 units 6,890 units 5,680 units 5, 220 units Required: a. 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. It is currently estimated that there will be 3,636 units on hand at the end of June. Calculate the number of units to be produced in each of the months of July, August, and September. July August September Production b. Each unit of finished product requires 6 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 55% of the next month's estimated usage. It is currently estimated that 25,600 pounds of raw materials will 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