Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year 20x1. Four units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods January 11 December 31 35,000 19,000 97,000 48,000 19,000 74,000 Required: 1. If Bodin Company plans to sell 450,000 units during the year, compute the number of units the firm would have to manufacture during the year. 1. Required production in units 2. Raw material purchases in units 2. If 508,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased.

Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year 20x1. Four units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods January 11 December 31 35,000 19,000 97,000 48,000 19,000 74,000 Required: 1. If Bodin Company plans to sell 450,000 units during the year, compute the number of units the firm would have to manufacture during the year. 1. Required production in units 2. Raw material purchases in units 2. If 508,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year 20x1. Five units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods Required: January 1 41,000 December 31 48,000 20,000 20,000 92,000 59,000 1. If Bodin Company plans to sell 452,000 units during the year, compute the number of units the firm would have to manufacture during the year. 2. If 520,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased. 1. Required production in units 2. Raw material purchases in units
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