Previous Page Next Page Page 2 of 15 Question 2 (5 points) Queen Co. budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels in units) are planned for the fiscal year of January 1, 2019 through December 31, 2019. Raw material WIP Finished goods January 1, 2019 50,000 12,000 36,000 December 31, 2019 20,000 12,000 3,000 Three units of raw material are needed to produce each unit of finished goods. If Queen Co plans to sell 70,000 units during the 2019 fiscal year, the units of raw material need to be purchased during the year would be: 141,000 133,000 81,000 ge 6: 73,000 Previous Page Next Page Page 2 of 15