XYZ Company is forecasting sales of 75,000 units of product for November. To make one unit of finished product, seven pounds of raw materials are required. Actual beginning and desired ending inventories of raw materials and finished goods are: Raw materials (pounds) Finished goods November 1 (Actual) 91,400 8,500 November 30 (Desired) 86,400 9,600 Required: a. Calculate the number of units of product to be produced during November. b. Calculate the number of pounds of raw materials to be purchased during November. a. Number of units of product to be produced during november b. Number of pounds of raw materials to be purchased during november
XYZ Company is forecasting sales of 75,000 units of product for November. To make one unit of finished product, seven pounds of raw materials are required. Actual beginning and desired ending inventories of raw materials and finished goods are: Raw materials (pounds) Finished goods November 1 (Actual) 91,400 8,500 November 30 (Desired) 86,400 9,600 Required: a. Calculate the number of units of product to be produced during November. b. Calculate the number of pounds of raw materials to be purchased during November. a. Number of units of product to be produced during november b. Number of pounds of raw materials to be purchased during november
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter13: Emerging Topics In Managerial Accounting
Section: Chapter Questions
Problem 25BEA: During the week of May 10, Hyrum Manufacturing produced and shipped 16,000 units of its aluminum...
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