Question #2 (8 Marks) Raw Materials Budget The ABC Company is producing 250,000 units in it's first year. It takes 0.75 of raw materials to product one unit and the raw materials cost $100 per unit. If the desired ending inventory for raw materials is 7,500 units and they have a beginning inventory of 5,000 units what are: 1. The total amount of raw materials required for production (in units)? (2 marks) 2. What is the total raw materials required (in units)? (2 marks) 3. What is the total purchase of raw materials (in units)? (2 marks) 4. What is the total purchase of raw materials (in dollars)? (1 mark) 5. What is the total cost of raw materials used (in dollars)? (1 mark) Question #2 (8 Marks) Raw Materials Budget The ABC Company is producing 250,000 units in it's first year. It takes 0.75 of raw materials to product one unit and the raw materials cost $100 per unit. If the desired ending inventory for raw materials is 7,500 units and they have a beginning inventory of 5,000 units what are: 1. The total amount of raw materials required for production (in units)? (2 marks) 2. What is the total raw materials required (in units)? (2 marks) 3. What is the total purchase of raw materials (in units)? (2 marks) 4. What is the total purchase of raw materials (in dollars)? (1 mark) 5. What is the total cost of raw materials used (in dollars)? (1 mark)