The Howell company has prepared a sale budget of 49,000 finished units for a 3 months period. The company has an inventory of 11,000 units of finished goods in band at December 31 and has a target finished goods inventory of 13,000 units at the end of the succeeding quarter.
It takes 3 gallons of direct materials to make one unit of finished product. The company has inventory of 64,000 gallons of direct materials at December 31 and has a target inventory of 51,000 gallons at the end of the succeeding quarter. How many gallons of direct materials should Howell company purchase during the 3 month ending March 31?
Enter the correct label and enter amounts to calculate the direct materials (gallons) to be purchased
Homework Answers
Production Units = Sales+Desired ending inventory-Beginning inventory = 49000+13000-11000 = 51000
| Raw material needed for production (51000*3) | 153000 |
| Desired ending inventory | 51000 |
| Total requirement | 204000 |
| Less: Beginning inventory | -64000 |
| Purchase to be made (gallons) | 140000 |
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