Production and Purchases budgets Gillman Co. is forecasting sales of 62,000 units of product for August. To make one units of finished product, 5 pounds of raw materials are required. Actual beginning and desired ending inventories of raw materials and finished goods are as follows: August 1 August 31 (Actual) (Desired) Raw materials (pounds) 74,700 68,200 Finished goods (Units) 5,900 8,300 Required: a. Calculate the number of units of product to be produced during August. b. Calculate the number of pounds of raw materials to be purchased during August.