Doanne Food Processing expects to have 55,000 pounds of raw materials inventory on hand on...
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Accounting
Doanne Food Processing expects to have 55,000 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 | 139,000 |
| May | 149,000 |
| June | 177,000 |
| July | 139,000 |
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 three pounds of raw materials. Doanne's budgeted purchases for raw materials (in pounds) during April should be:
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