Garry's Corporation's most recent production budget indicates the following required production: October November December Required Production (units)
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Question:
Garry's Corporation's most recent production budget indicates the following required production:
October | November | December | |
Required Production (units) | 210,000 | 175,000 | 110,000 |
Each unit of a finished product requires 5 pounds of raw materials. The company maintains raw materials inventory equal to 25% of the next month's expected production needs. How many pounds of raw material should Garry plan on purchasing for the month of November?
A. 893,500
B. 793,750
C. 1,006,250
D. 1,012,500
Related Book For
Foundations of Financial Management
ISBN: 978-1259024979
10th Canadian edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen, Doug Short, Michael Perretta
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