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Garry Manufacturing Corporations most recent production budget

 
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Customer Question

Garry Manufacturing Corporation's most recent production budget indicates the following required production: October; November; December; Required production (units): 210,000; 175,000; 110,000. Each unit of finished product requires 5 pounds of raw materials. The company maintains raw materials inventory equal to 25% of the next month's expected production needs. How many pounds of raw material should Garry plan on purchasing for the month of November?
A) 1,006,250
B) 793,750
C) 1,012,500
D) 893,500

Submitted: 710 days and 1 hours ago.
Category: Finance
Value: $16
Status: CLOSED

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Expert:  JKCPA replied 710 days and 1 hours ago.

Hello,

Thanks for your question.

The answer is B) 793,750

Hope this helps!

Expert TypeCPA
Category: Finance
Pos. Feedback: 99.6 %
Accepts: 835
Answered: 5/9/2011

Experience: Bachelors degree and CPA with Accounting experience.

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Customer replied 710 days and 1 hours ago.

The following information relates to Minorca Manufacturing Corporation for next quarter: January February March: Expected sales (in units): 440,000 390,000 400,000: Desired ending finished goods inventory (in units): 28,000 30,000 35,000. How many units should Minorca plan on producing for the month of February?
A) 360,000 units
B) 388,000 units
C) 392,000 units
D) 420,000 units

Accepted Answer

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Expert:  JKCPA replied 710 days and 1 hours ago.

Hi,

How many questions do you have?

The answer is C) 392,000 units

Expert TypeCPA
Category: Finance
Pos. Feedback: 99.6 %
Accepts: 835
Answered: 5/9/2011

Experience: Bachelors degree and CPA with Accounting experience.

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Customer replied 710 days and 1 hours ago.

I have about 5 more do you think you can help me with the answers?

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Expert:  JKCPA replied 710 days and 1 hours ago.

Yes, I can help. We usually ask you to post new questions in a new post but if you prefer it this way, that's fine.

 
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