Question

Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending...

Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year. Beginning Inventory Ending Inventory Finished goods (units) 20,000 70,000 Raw material (grams) 50,000 40,000 Each unit of finished goods requires 2 grams of raw material. The company plans to sell 550,000 units during the year. How much of the raw material should the company purchase during the year?

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer:

The company should purchase 1,190,000 grams of raw material during the year.

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending...
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year. Beginning Inventory Ending Inventory Finished goods (units) 27,000 37,000 Raw material (grams) 57,000 47,000 Each unit of finished goods requires 2 grams of raw material. The company plans to sell 220,000 units during the year. How much of the raw material should the company purchase during the year?
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending...
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year. Beginning Inventory Ending Inventory Finished goods (units) 26,000 36,000 Raw material (grams) 56,000 46,000 Each unit of finished goods requires 2 grams of raw material. The company plans to sell 330,000 units during the year. How much of the raw material should the company purchase during the year?
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending...
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year. Beginning Inventory Ending Inventory Finished goods (units) 21,000 71,000 Raw material (grams) 51,000 41,000 Each unit of finished goods requires 2 grams of raw material. The company plans to sell 560,000 units during the year. How much of the raw material should the company purchase during the year? Multiple Choice 1,220,000 grams 1,210,000 grams 1,261,000 grams 1,231,000...
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending...
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year. Beginning Inventory Ending Inventory Finished goods (units) 22,000 32,000 Raw material (grams) 52,000 42,000 Each unit of finished goods requires 3 grams of raw material. The company plans to sell 170,000 units during the year. How much of the raw material should the company purchase during the year? Multiple Choice 552,000 grams 540,000 grams 530,000 grams 582,000...
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending...
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year. Beginning Inventory Ending Inventory Finished goods (units) 21,000 71,000 Raw material (grams) 51,000 41,000 Each unit of finished goods requires 2 grams of raw material. The company plans to sell 560,000 units during the year. How much of the raw material should the company purchase during the year? Garrison 16e Rechecks 2017-10-03 Multiple Choice 1,220,000 grams 1,231,000...
Sartain Corporation is in the process of preparing its annual budget. The following beginning and ending...
Sartain Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year.    Beginning Inventory Ending Inventory   Finished goods (units) 28,000             78,000          Raw material (grams) 58,000             48,000           Each unit of finished goods requires 3 grams of raw material.    If the company plans to sell 630,000 units during the year, how much of the raw material should the company purchase during the year? 2,088,000...
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending...
Sarafiny Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year. Beginning Inventory Ending Inventory Finished goods (units) 28,000 38,000 Raw material (grams) 58,000 48,000 Each unit of finished goods requires 3 grams of raw material. The company plans to sell 230,000 units during the year. How much of the raw material should the company purchase during the year? The following standards for variable manufacturing overhead have been...
choose the correct answer 1.ABC Corporation is in the process of preparing its annual budget. The...
choose the correct answer 1.ABC Corporation is in the process of preparing its annual budget. The following beginning and ending raw material inventory levels are planned for the year.   Beginning Inventory Ending Inventory Raw material (grams) 5,000 grams 4,000 grams Each unit of finished goods requires 2 grams of raw material and production of 50,000 units of goods are planned. How much of the raw material should the company purchase during the year? A. 99,000 grams B. 100,000 grams C....
Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units)...
Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are plannned for the year 20x1. Three units of raw material are required to produce each unit of finished product. January 1 December 31 Raw material 43,000 49,000 Work in process 13,000 13,000 Finished goods 82,000 75,000 Required: If Bodin Company plans to sell 464,000 units during the year, compute the number of units the firm would have to manufacture during the year. If...
3. Troy Corporation has the following budgeted sales for the selected four-month period: Month Unit Sales...
3. Troy Corporation has the following budgeted sales for the selected four-month period: Month Unit Sales October 40,000 November 70,000 December 50,000 January 60,000 There were 14,000 units of finished goods in inventory at the beginning of October. Plans are to have an inventory of finished product equal to 25 percent of the unit sales for the next month. Five pounds of a single raw material are required for each unit produced. Each pound of material costs $10. Plans are...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT