Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Casings Plant of Wyoming Machines makes plastics shells for the company's calculators (Each calculator requires one shell.) For each of the next two years,

image text in transcribed

The Casings Plant of Wyoming Machines makes plastics shells for the company's calculators (Each calculator requires one shell.) For each of the next two years, Wyoming expects to sell 630,000 calculators. The beginning finished goods inventory of shells at the Casings Plant is 90,000 units. However, the target ending finished goods inventory for each year is 15,000 units. Each unit (shell) requires 6 ounces of plastic. At the beginning of the year, 280,000 ounces of plastic are in inventory Management has set a target to have plastic on hand equal to three months' sales requirements. Sales and production take place evenly throughout the year. Required: a. Compute the total targeted production of the finished product for the coming year. Total largoted production in uns 555 000 b. Compute the required amount of plastic to be purchased for the coming year. (Do not round intermediate calculations.) Materals to be purchased in ounces

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Finance For Non-Finance Executives

Authors: Anurag Singal

1st Edition

1952538327, 9781952538322

More Books

Students also viewed these Accounting questions

Question

Did you include SEC required financial data?

Answered: 1 week ago