Production of Product 101 has been budgeted at 300,000 units for June. One unit of Product 101

Question:

Production of Product 101 has been budgeted at 300,000 units for June. One unit of Product 101 requires 3 lbs. of raw material. The projected beginning and ending materials inventory for June are: Beginning inventory: 4,000 lbs. : 16,000 lbs. How many lbs. of material should be purchased during June?
a. 288,000
b. 312,000
c. 912,000
d. 936,000
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 =...