Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are

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Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are planned for the year 20x1. Two units of raw material are required to produce each unit of finished product.
Bodin Company budgets on an annual basis. The following beginning

Required:
1. If Bodin Company plans to sell 480,000 units during the year, compute the number of units the firm would have to manufacture during the year.
2. If 500,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased.

Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula                Ending Inventory Formula =...
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