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oronado Exports, Inc. budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels are planned for the fiscal year of July 1, 2019 to June 30, 2020:
June 30, 2020 June 30, 2019
Raw Materials 2980 kilos 2020 kilos
Question 1: Three kilos of raw materials are needed to produce each unit of finished product. If Coronado Exports plans to produce 279800 units during the 2019-2020 fiscal year, how many kilos of materials will the company need to purchase for its production during the year?
Option 1: 840360
Option 2: 842380
Option 3: 839400
Option 4: 838440
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