| Beginning inventory | 20000 |
| Add:production(balance)(120,000+28000-20000) | 128000 units. |
| Less:ending inventory(20%*140,000) | 28000 |
| Sales | 120,000 |
MC Qu. 53 Gorberchev Food Processing expects to. inished goods invensory on hand on March 31...
Doanne Food Processing expects to have 38,000 pounds of raw materials inventory on hand on March 31, the end of the current year. The company budgets the following production (in units) for April through July, inclusive: April 122,000 May 132,000 June 143,000 July 122,000 At the end of each month the firm desires its ending raw material inventory to be 10% of the next month's production needs. Each finished unit requires three pounds of raw materials. Doanne's budgeted purchases (in...