ABC Companys budgeted sales for June, July, and August are 12,000, 16,000, and 14,000 units,...
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ABC Companys budgeted sales for June, July, and August are 12,000, 16,000, and 14,000 units, respectively. ABC requires 30% of the next months budgeted unit sales as finished goods inventory each month. Budgeted ending finished goods inventory for May is 3,600 units. Each unit that ABC Company produces uses 3 pounds of raw material. ABC requires 25% of the next months budgeted production as raw material inventory each month. Calculate the number of pounds of raw material to be purchased in June
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