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Yummy Foods expects to have 39,000 pounds of raw materials inventory on hand on March...

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Accounting

Yummy Foods expects to have 39,000 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 123,000 May 133,000 June 145,000 July 123,000 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 two pounds of raw materials. Yummy Foods budgeted purchases (in pounds) of raw materials for June would be: 370,400. 326,900. 296,600. 283,400. 290,000.

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