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GreenThumb Organic Fertilizer Company plans to sell 280,000 units of finished product in July and...

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Accounting

GreenThumb Organic Fertilizer Company plans to sell 280,000 units of finished product in July and anticipates a growth rate in sales of 4 percent per month. The desired monthly ending inventory in units of finished product is 75 percent of the next months estimated sales. There are 210,000 finished units in inventory on June 30. Each unit of finished product requires 5 pounds of raw material at a cost of $2.05 per pound. There are 810,000 pounds of raw material in inventory on June 30. Required: Compute the companys total required production in units of finished product for the entire three-month period ending September 30. Note: Round all intermediate calculations and your final answer to the nearest unit

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