If 86,500 pounds of raw materials are needed to meet production in august, how many pounds of raw materials should be purchased

Question

1 year ago

8

in july??

1 answer:

kakasveta [241] · Answer 1 · 2023-10-20T07:40:02+03:00

6,200 pounds of raw materials should be purchased in July.

<h3>What are raw materials?</h3>

Raw materials are the goods or inventories required by a company to make its products.
Steel, oil, corn, grain, gasoline, lumber, forest resources, plastic, natural gas, coal, and minerals are examples of raw materials.

The raw material purchases for July are computed as follows:

Required production in units of finished goods.
Units of raw materials needed per unit of finished goods.
Units of raw materials are needed to meet production.
Add desired units of ending raw materials inventory.
Total units of raw materials needless units of beginning raw materials inventory.
Units of raw materials to be purchased.

71,000 pounds × 10% = 7,100 pounds.

62,000 pounds × 10% = 6,200 pounds.

Therefore, 6,200 pounds of raw materials should be purchased in July.

Know more about raw materials here:

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The correct question is given below:

If 71,000 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July?