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K Gibson Company is preparing a budget to determine the amount of part G12 to produce for the first quarter of the year, and the amount of resin to purchase for part G12. The company desires to hav 30% of the next month's estimated sales of G12 in inventory at the end of each month. Gibson has a very reliable supplier of resin and therefore desires an ending inventory of only 15% of resin nee the next month's production. Each unit of G12 requires half a pound of resin. Projected sales of G12 for January, February, and March are 60,000 units, 70,000 units, and 50,000 units, respectively. Requirements (a) How many units of part G12 will Gibson budget to produce in January and February? (b) How many pounds of resin will Gibson budget to purchase in January? Select the labels and enter the amounts to compute the units to be produced for the months of January and February. January February Sales 60,000 70,000 Desired ending inventory 21,000 15,000 Units needed 81,000 85,000 Less: Beginning inventory 18,000 21,000 63,000 64,000 Units to be produced Requirement (b) How many pounds of resin will Gibson budget to purchase in January? Select the labels and enter the amounts to compute the pounds of resin to be purchased in January. January Units to be produced 63,000 Raw materials needed per unit 0.5 Total production needs 31,500 Similar quest modocs example Get more help