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Gasol’s Production Inc required production for the next quarter is as follows: January 11,020 February 12,220...

Gasol’s Production Inc required production for the next quarter is as follows:

January 11,020

February 12,220

March 14,890

Each unit requires 2 pounds of material. Given a desired ending inventory of 30% of the next month’s production needs, the amount of pounds to be purchased in February is ____________

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Answer #1

Pounds to be purchased in February

= Budgeted production + Desired ending inventory - Beginning inventory

= (12,220*2) + (14,890*30%*2) - (12,220*30%*2)

= 24,440 + 8,934 - 7,332

= 26042
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