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

Question

Question

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

business accounting

Add a comment Improve this question Transcribed image text

Answer 1

Answer #1

Answer- The company should purchase raw material during the year = 2450000 grams.

Explanation- Raw material purchases= (No. of produce units*Grams required per unit of material)+Ending inventory of raw material – Beginning inventory of raw material

= (820000 units*3 grams)+ 50000 grams-60000 grams

= 2450000 grams.

Where = No. produced units = Sales units+ Ending inventory units of finished goods- Opening inventory units of finished goods

= 770000 units+80000 units-30000 units

= 820000 units

Add a comment

Answer 2

Similar Homework Help 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 3 grams of raw material. The company plans to sell 340,000 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...
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 210,000 units during the year. How much of the raw material should the company purchase during the year? Multiple Choice 440,000 grams 486,000 grams 456,000 grams 430,000...
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) 24,000 34,000 Raw material (grams) 54,000 44,000 Each unit of finished goods requires 3 grams of raw material. The company plans to sell 310,000 units during the year. The number of units the company would have to manufacture during the year would be: Multiple Choice 320,000 units 344,000 units 256,000...

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. Ending Inventory Beginning Inventory 20,e0e Finished goods (units) Raw material (grams) 7e,eee se,eee 40,eee Each unit of finished goods requires 2 grams of raw material. The company plans to sell 550,000 units during the year The number of units the company would have to manufacture during the year would be: Multiple Choice 550,000 units 620,000 units 500,000...
TB MC Qu. 8-172 Sarafiny Corporation is in the process of ... Sarafiny Corporation is in...

TB MC Qu. 8-172 Sarafiny Corporation is in the process of ... 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 24,000 54,000 Ending Inventory 74,000 44,000 Finished goods (units) Raw material (grams) Each unit of finished goods requires 3 grams of raw material. The company plans to sell 710,000 units during the year. How much of the raw material should the company purchase...
Sarter Corporation is in the process of preparing its annual budget. The following beginning and ending...

Sarter Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year. Finished goods (units) Raw material (grams) Beginning Inventory 31,000 61,000 Ending Inventory 81,000 51,000 Each unit of finished goods requires 3 grams of raw material. If the company plans to sell 660.000 units during the year, the number of units it would have to manufacture during the year would be: O 660.000 units O 741,000 units 710,000...

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

Sarter Corporation is in the process of preparing its annual budget. The following beginning and ending inventory levels are planned for the year. Finished goods (units) Raw material (grams) Beginning Inventory | Ending Inventory 26,000 76,000 56,000 Each unit of finished goods requires 2 grams of raw material. If the company plans to sell 610,000 units during the year, the number of units the company would have to manufacture during the year would be: O 554,000 units O 610,000 units...
Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending...

Paradise Corporation budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels (in units) are planned for next year. Beginning Inventory Ending Inventory Raw material* 54,000 64,000 Finished goods 94,000 64,000 * Three pounds of raw material are needed to produce each unit of finished product. If Paradise Corporation plans to sell 550,000 units during next year, the number of units it would have to manufacture during the year would be:
Tsao Company budgets on an annual basis. The following beginning and ending inventory levels (in units)...

Tsao Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are planned for the year 20x1. Three units of raw material are required to produce each unit of finished product. Required: If Tsao Company plans to sell 450,000 units during the year, compute the number of units the firm would have to manufacture during the year. If 540,000 finished units were to be manufactured by Tsao Company during the year, determine the amount of...

Paradise Corporation budgets on an annual basis for its fiscal year. The following bfinning and ending...

Paradise Corporation budgets on an annual basis for its fiscal year. The following bfinning and ending inventory levels in units are planned for next year Beginning Inventory 4 6000 6.000 Ending Inventory 56.000 56,000 Raw materia Finished goods Three pounds of raw material are needed to produce each unit of t he product I Paradise Corporation plans to sell 510.000 units during rent year, the number of unit it would have to manufacture dunng the year would be O 464.000...

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

Homework Answers

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

Post as a guest

Earn Coins