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Woopi, Inc., provides the following data for the next four months: July August September Budgeted production units 642 670 644 Ending Raw Materials Inventory 863
Woopi, Inc., provides the following data for the next four months:
| July | August | September |
Budgeted production units | 642 | 670 | 644 |
Ending Raw Materials Inventory | 863 lbs. |
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Ending Finished Goods Inventory | 185 Units |
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Desired Ending Inventory: Raw Materials = 30% of next month's production needs Pounds of raw material required for each finished Unit = 5 lbs.
Required: Calculate the amount of purchases of raw materials in pounds for July and August
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