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How many pounds of plastic should be budgeted for purchasing

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Reference no: EM132963102

Problem 1: A company requires 200 pounds of plastic to meet the production needs of a product. It currently has 20 pounds of plastic inventory. The desired ending inventory of plastic is 60 pounds. How many pounds of plastic should be budgeted for purchasing during the coming period?

Option 1: 200 pounds
Option 2: 240 pounds
Option 3: 260 pounds
Option 4: 280 pounds
Option 5: 160 pounds

Reference no: EM132963102

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