Calculate the number of pounds of raw material to be purchased in June.
ABC Company's budgeted sales for June, July, and August are 14,400, 18,400, and 16,400 units, respectively. ABC requires 30% of the next month's budgeted unit sales as finished goods inventory each month. Budgeted ending finished goods inventory for May is 4,320 units. Each unit that ABC Company produces uses 3 pounds of raw material. ABC requires 25%, of the next month's budgeted production as raw material inventory each month.
Calculate the number of pounds of raw material to be purchased in June.
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Calculate the number of pounds of raw material to be purchased in June.
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