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Calculate the number of pounds firm will need to purchase

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Reference no: EM132962253

Problem 1: A firm prepared its production budget and expects to produce 5,000 units in January and 6,000 units in February. It is now preparing its direct materials budget. Each unit requires 8 pounds of direct material. The firm currently has 3,000 pounds of material and has a desired ending inventory of 10%. Calculate the number of pounds the firm will need to purchase in January

A. 7,400 pounds
B. 2,600 pounds
C. 38,200 pounds
D. 41,800 pounds

Reference no: EM132962253

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