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Three (60 Points) Great Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are planned for the year 2015.
Three (60 Points) Great Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are planned for the year 2015. Three units of raw material are required to produce each unit of finished product. January 1 December 31 Raw material 50,000 80,000 Work in process Finished goods 10,000 10,000 80,000 60,000 Required: A. If Great Company plans to sell 410,000 units during the year, compute the number of units the company would have to manufacture during the year. (24 Points) B. If 450,000 finished units were to be manufactured by Great Company during the year, determine the amount of raw material to be purchased. (36 Points)
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