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What is the value of raw material

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Reference no: EM132984279

Dustman Manufacturing Corporation's most recent production budget indicates the following required production:

                                  Required production (units)

January                            4,000

February                          6,000         

March                              5,500    

April                                 5,000

Problem 1: Each unit of finished product requires 3 feet of raw materials. The company maintains raw materials inventory equal to 2,000 feet plus 10% of the next month's expected production needs. The raw material used in Dustman Manufacturing Corporation's product costs $4.50 per foot. What is the value of raw material that Dustman Manufacturing should plan on purchasing for the month of February?

Option 1: $73,575

Option 2: $81,000

Option 3: $80,325

Option 4: $74,250

Reference no: EM132984279

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