Question
Sarter Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year. Beginning Inventory
| Sarter Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year. |
| Beginning Inventory | Ending Inventory | |
| Finished goods (units) | 19,000 | 69,000 |
| Raw material (grams) | 49,000 | 39,000 |
| Each unit of finished goods requires 3 grams of raw material. |
| The company plans to sell 540,000 units during the year, how much of the raw material should the company purchase during the year? |
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IT Auditing Defined
Authors: Ibrahim Yussuf, Matthew Robinett
1st Edition
1645435148, 978-1645435143
