Question
In: Accounting
4. Greener Grass Fertilizer Company plans to sell 210,000 units of finished product in July and...
4. Greener Grass Fertilizer Company plans to sell 210,000 units of finished product in July and anticipates a growth rate in sales of 5 percent per month. The desired monthly ending inventory in units of finished product is 75 percent of the next month’s estimated sales. There are 157,500 finished units in inventory on June 30. Each unit of finished product requires 5 pounds of raw material at a cost of $1.25 per pound. There are 750,000 pounds of raw material in inventory on June 30.
Required:
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Compute the company’s total required production in units of finished product for the entire three-month period ending September 30. (Round all intermediate calculations and your final answer to the nearest unit.)
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Independent of your answer to requirement (1), assume the company plans to produce 800,000 units of finished product in the three-month period ending September 30, and to have raw-material inventory on hand at the end of the three-month period equal to 25 percent of the use in that period. Compute the total estimated cost of raw-material purchases for the entire three-month period ending September 30.
Solutions
ekkarill92 answered 5 months agoRelated Solutions
Greener Grass Fertilizer Company plans to sell 240,000 units of the finished product in July and...
Greener Grass Fertilizer Company plans to sell 240,000 units of
the finished product in July and anticipates a growth rate in sales
of 4 percent per month. The desired monthly ending inventory in
units of finished product is 85 percent of the next month’s
estimated sales. There are 204,000 finished units in inventory on
June 30. Each unit of finished product requires four pounds of raw
material at a cost of $1.95 per pound. There are 830,000 pounds of
raw...
Greener Grass Fertilizer Company plans to sell 240,000 units of the finished product in July and...
Greener Grass Fertilizer Company plans to sell 240,000 units of
the finished product in July and anticipates a growth rate in sales
of 4 percent per month. The desired monthly ending inventory in
units of finished product is 85 percent of the next month’s
estimated sales. There are 204,000 finished units in inventory on
June 30. Each unit of finished product requires 5 pounds of raw
material at a cost of $1.95 per pound. There are 830,000 pounds of
raw...
Greener Grass Fertilizer Company plans to sell 270,000 units of finished product in July and anticipates...
Greener Grass Fertilizer Company plans to sell 270,000 units of
finished product in July and anticipates a growth rate in sales of
6 percent per month. The desired monthly ending inventory in units
of finished product is 75 percent of the next month’s estimated
sales. There are 202,500 finished units in inventory on June 30.
Each unit of finished product requires 3 pounds of raw material at
a cost of $1.95 per pound. There are 740,000 pounds of raw material...
Greener Grass Fertilizer Company plans to sell 270,000 units of finished product in July and anticipates...
Greener Grass Fertilizer Company plans to sell 270,000 units of
finished product in July and anticipates a growth rate in sales of
5 percent per month. The desired monthly ending inventory in units
of finished product is 80 percent of the next month’s estimated
sales. There are 216,000 finished units in inventory on June 30.
Each unit of finished product requires 4 pounds of raw material at
a cost of $1.35 per pound. There are 800,000 pounds of raw material...
Greener Grass Fertilizer Company plans to sell 300,000 units of finished product in July and anticipates...
Greener Grass Fertilizer Company plans to sell 300,000 units of
finished product in July and anticipates a growth rate in sales of
5 percent per month. The desired monthly ending inventory in units
of finished product is 80 percent of the next month’s estimated
sales. There are 240,000 finished units in inventory on June 30.
Each unit of finished product requires 4 pounds of raw material at
a cost of $1.45 per pound. There are 710,000 pounds of raw material...
Greener Grass Fertilizer Company plans to sell 250,000 units of finished product in July and anticipates...
Greener Grass Fertilizer Company plans to sell 250,000 units of
finished product in July and anticipates a growth rate in sales of
3 percent per month. The desired monthly ending inventory in units
of finished product is 85 percent of the next month’s estimated
sales. There are 212,500 finished units in inventory on June 30.
Each unit of finished product requires 5 pounds of raw material at
a cost of $1.15 per pound. There are 800,000 pounds of raw material...
Greener Grass Fertilizer Company plans to sell 270,000 units of finished product in July and anticipates...
Greener Grass Fertilizer Company plans to sell 270,000 units of
finished product in July and anticipates a growth rate in sales of
5 percent per month. The desired monthly ending inventory in units
of finished product is 90 percent of the next month’s estimated
sales. There are 243,000 finished units in inventory on June 30.
Each unit of finished product requires 6 pounds of raw material at
a cost of $1.35 per pound. There are 720,000 pounds of raw material...
Greener Grass Fertilizer Company plans to sell 260,000 units of finished product in July and anticipates...
Greener Grass Fertilizer Company plans to sell 260,000 units of
finished product in July and anticipates a growth rate in sales of
5 percent per month. The desired monthly ending inventory in units
of finished product is 80 percent of the next month’s estimated
sales. There are 208,000 finished units in inventory on June 30.
Each unit of finished product requires 4 pounds of raw material at
a cost of $2.05 per pound. There are 720,000 pounds of raw material...
Greener Grass Fertilizer Company plans to sell 270,000 units of finished product in July and anticipates...
Greener Grass Fertilizer Company plans to sell 270,000 units of
finished product in July and anticipates a growth rate in sales of
3 percent per month. The desired monthly ending inventory in units
of finished product is 80 percent of the next month’s estimated
sales. There are 216,000 finished units in inventory on June 30.
Each unit of finished product requires 4 pounds of raw material at
a cost of $1.75 per pound. There are 770,000 pounds of raw material...
Greener Grass Fertilizer Company plans to sell 220,000 units of finished product in July and anticipates...
Greener Grass Fertilizer Company plans to sell 220,000 units of
finished product in July and anticipates a growth rate in sales of
5 percent per month. The desired monthly ending inventory in units
of finished product is 75 percent of the next month’s estimated
sales. There are 165,000 finished units in inventory on June 30.
Each unit of finished product requires 5 pounds of raw material at
a cost of $1.65 per pound. There are 770,000 pounds of raw material...
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