XYZ Company is forecasting sales of 75,000 units of product for November. To make one unit of finished product, seven pounds of raw materials are required. Actual beginning and desired ending inventories of raw materials and finished goods are: Raw materials (pounds) Finished goods November 1 (Actual) 91,400 8,500 November 30 (Desired) 86,400 9,600 Required: a. Calculate the number of units of product to be produced during November. b. Calculate the number of pounds of raw materials to be purchased during November. a. Number of units of product to be produced during november b. Number of pounds of raw materials to be purchased during november
XYZ Company is forecasting sales of 75,000 units of product for November. To make one unit of finished product, seven pounds of raw materials are required. Actual beginning and desired ending inventories of raw materials and finished goods are: Raw materials (pounds) Finished goods November 1 (Actual) 91,400 8,500 November 30 (Desired) 86,400 9,600 Required: a. Calculate the number of units of product to be produced during November. b. Calculate the number of pounds of raw materials to be purchased during November. a. Number of units of product to be produced during november b. Number of pounds of raw materials to be purchased during november
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:XYZ Company is forecasting sales of 75,000 units of product for November. To make one unit of
finished product, seven pounds of raw materials are required. Actual beginning and desired
ending inventories of raw materials and finished goods are:
Raw materials (pounds)
Finished goods
November 1
(Actual)
91,400
8,500
November 30
(Desired)
86,400
9,600
Required:
a. Calculate the number of units of product to be produced during November.
b. Calculate the number of pounds of raw materials to be purchased during November.
a. Number of units of product to be produced during november
b. Number of pounds of raw materials to be purchased during november
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