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Yummy Foods expects to have 45,000 pounds of raw materials inventory on hand on March...

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Accounting

Yummy Foods expects to have 45,000 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 129,000 May 139,000 June 157,000 July 129,000 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 four pounds of raw materials. Yummy Foods budgeted purchases for raw materials (in pounds) during April should be: 516,000. 599,400. 644,400. 241,000. 554,400.

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