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On January 1, a materials analyst is asked to determine the number of bags of...

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Accounting

On January 1, a materials analyst is asked to determine the number of bags of rice to be ordered for March delivery. The production schedule calls for 4,800 bags of rice for January operations, 5,000 bags for February, and 5,600 bags for March. On January 1, the inventory is 6,000 bags, 3,800 bags are on order for January delivery, and4,600 bags are on order for February deliver. The desired inventory level to begin second-quarter production is 80% of the January 1, inventory.Re Compute the quantity to be orderd for March delivery.

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