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Question 4 (10 Marks) Pitt Corp. makes and sells a single product, widgets. Two pounds of sand are ne one widget. Budgeted production of widgets
Question 4 (10 Marks) Pitt Corp. makes and sells a single product, widgets. Two pounds of sand are ne one widget. Budgeted production of widgets for the next few months follows: September 25,000 units October 31,000 units The company wants to maintain monthly ending inventories of sand equal to 20% of the following month's production needs. On August 31, 10,000 pounds of sand were on hand. Instructions How much sand should be purchased in September? Expected sales in units during September Pounds of sand needed per widget Pounds of sand needed for September sales units Add: ending inventory desired Less: beginning inventory on hand Pounds of sand needed to be purchased 25, vou x 2 50 Juo
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