How many pounds of raw material should be purchased in July

Assignment Help Managerial Accounting

Reference no: EM132838801

Question - Scooter Corp. has forecast sales as follows: July, 30,000 units; August, 35,000 units; and September, 40,000 units. Finished goods inventory as of July 1 is forecast to be 10,000 units. Finished goods inventory of 20% of the following month's sales needs is desired. Each finished unit requires 5 pounds of raw material. The raw materials inventory level on July 1 was 202,500 pounds and the expected raw materials inventory level on July 31 will be 270,000 pounds.

Required - How many pounds of raw material should be purchased in July?

Reference no: EM132838801

Questions Cloud

Discuss professional dispositions and model code of ethics : How your self-assessment supports your professional dispositions statement. Discuss the connection between professional dispositions and the Model Code.

Explain the concept of ethical dilemma : Explain the concept of ethical dilemma by relating with this situation. What would do you prefer in this circumstances?

Regulate the carbon emissions of the data : Should the government or an industry association regulate the carbon emissions of the data center industry as they do the airline industry?

What stereotypes exist about men who dance : What stereotypes exist about men who dance? Given what you have learned in the readings and mini lecture about the origins of Ballet as a male only dance.

How many pounds of raw material should be purchased in July : Scooter Corp. has forecast sales as follows: July, 30,000 units; August, 35,000 units; How many pounds of raw material should be purchased in July

Adoption of a corporate social responsibility policy : This case explores the adoption of a corporate social responsibility policy at a Finnish company. Many companies create such policies

What are similarities in movement qualities and sequencing : What are some similarities in movement qualities, sequencing, and instruments you observed between dance practices showcased in Latcho Drom (Gatlif, 1993)?

Explain the factors that need to be considered : Explain the factors that need to be considered and influence the assessing of risk within a salon or spa environment.

Compute the cost per equivalent unit for direct materials : The ending Work-in-Process of 480 units was 50% complete for direct materials, Compute the cost per equivalent unit for direct materials

User Account

All Pages