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How much is total worth of purchases for chemicals

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Question - Zion Inc makes industrial solvents sold in 5-gallon drums. Planned production in units for the first 3 months of the coming year is:

January 43,800

February 41,000

March 50,250

Each drum requires 5.5 gallons of chemicals and one plastic drum. Company policy requires that ending inventories of raw materials for each month be 15% of the next month's production needs. That policy was met for the ending inventory of December in the prior year. The cost of one gallon of chemicals is $2.00. The cost of one drum is $1.60.

How much is total worth of purchases for chemicals in January?

How much is total worth of purchases for chemicals in February?

How many units of plastic drum is the ending inventory of plastic drums for January this year?

How many units of plastic drum is the ending inventory of plastic drums for February this year?

How many units of plastic drum is the ending inventory of plastic drums for December of the prior year?

How much is the ending inventory of chemicals in gallons for January this year?

How much is the ending inventory of chemicals in gallons for February this year?

How much is the ending inventory of chemicals in gallons for December of the prior year?

Reference no: EM132967198

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