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If there were 40000 pounds of raw materials on hand on January 1, 130000 pounds are desired for inventory at January 31, and 310000 pounds are required for January production, how many pounds of raw materials should be purchased in January

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tutorAnne

Answer:Pound of raw materials needed to be purchased = 400000 pounds

Explanation:

Opening inventory at January 1 =40000 pounds

Closing inventory at January 31- =130000 pounds

Pounds required for production ==310000 Pounds

Pound of raw materials needed to be purchased=  Pounds required for production + Closing inventory at January 31 --Opening inventory at January 1       =

=310, 000 pounds+130, 000 pounds -40000 pounds

=400000 pounds

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