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How many kgs of sugar will be purchased in July

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Question - Following information is available about Dhaka Ice Cream.

It has budgeted sales of 500,000 units in July, 650,000 units in August, 600,000 units in September.

One unit of ice cream requires 0.3 kg of milk and 0.15 kg of sugar.

On July 1, they have 100,000 units of finished products (i.e. ice cream that is completely ready to be sold). Additionally, they have 39,750 kgs of milk, and 19,875 kgs of sugar in raw materials inventory in July 1.

The company has a policy that ending balance of finished goods inventory should be equal to 20% of next month's sales; and that ending balance of raw materials inventory (for each kind of raw material) should be equal to 25% of next month's needs. How many kgs of sugar will be purchased in July? Milk and sugar cost Tk 60 and Tk 35 per kg respectively, what will be the total material purchases in?

Reference no: EM132549557

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