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In chap 7, material req, Question 2:
Opening inv: 20000 units
units to be sold:90000
closing inv:10000how many units must be produced?
units produced=units sold+closing stock-opening stock=90000+10000-20000=80000
but the answer says 90000
where am i goin wrong
Chapter 7 of which book???
If it is not our Course Notes (which I do not think it is) then I cannot help you unless you type out the whole question.
The complete question is as follows
Opening inventory = 20,000 units. Units to be sold = 90,000
Closing inventory to be 10,000 units.
How many units must be bought or produced?A. 80,000
B. 100,000
C. 90,000
D. 120,000sales = opening inventory + purchases – closing inventory
90,000 = 20,000 + purchases – 10,000
So purchases = 80,000
please help me solve this
A company manufactures and sells one product which requires 8 kg of raw materials in its manufacture. The budgeted data relating to the next period are as follows:Units
Sales 19,000
Opening inventory of finished goods 4,000
Closing inventory of finished goods 3,000Kg
Opening inventory of raw materials 50,000
Closing inventory of raw materials 53,000
What is the budgeted raw material purchases for next period?
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