Business, 04.12.2019 04:31 jessicahanshew99

Greener grass fertilizer company plans to sell 200,000 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 160,000 finished units in inventory on june 30. each unit of finished product requires four pounds of raw material at a cost of $1.15 per pound. there are 700,000 pounds of raw material in inventory on june 30.

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