Yummy Foods expects to have 53,000 pounds of raw materials inventory on hand on March 31, the end of the current year. The company budgets the following production (in units) for April through July, inclusive:

 

April	137,000
May	147,000
June	173,000
July	137,000

At the end of each month the firm desires its ending raw material inventory to be 15% of the next month's production needs. Each finished unit requires two pounds of raw materials.

Yummy Foods' budgeted purchases (in pounds) of raw materials for June would be ?

Answer rating: 100% (QA)

To calculate Yummy Foods budgeted purchases for June we will use the follow... View the full answer