Osage Incorporated has actual sales for May and June and forecast sales for July, August, September, and October as follows: Required: a. The firm's policy is to have finished goods inventory on hand at the end of the month that is equal to 50% of the next month's sales It is currently estimated that there will be 3,450 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. b. Each unit of finished product requires 7 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 80% of the next month's estimated usage. It is currently estimated that 26,500 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. Complete this question by entering your answers in the tabs below. Each unit of finished product requires 7 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 80% of the next month's estimated usage. It is currently estimated that 26,500 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. Note: Round your intermediate calculations and final answers to the nearest whole numbers. Osage Incorporated has actual sales for May and June and forecast sales for July, August, September, and October as follows: Required: a. The firm's policy is to have finished goods inventory on hand at the end of the month that is equal to 50% of the next month's sales. It is currently estimated that there will be 3,450 units on hand at the end of June. Calculate the number of units to beduced in each of the months of July, August, and September. b. Each unit of finished product requires 7 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 80% of the next month's estimated usage. It is currently estimated that 26,500 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. Complete this question by entering your answers in the tabs below. The firm's policy is to have finished goods inventory on hand at the end of the month that is equal to 50% of the next month's sales. It is currently estimated that there will be 3,450 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. Note: Do not round your intermediate calculations. Round your final answers to the nearest whole numbers
