View the step-by-step solution to:

A bakery plans to sell 200,000 units of baked goods to grocery stores nationally in July.

A bakery plans to sell 200,000 units of baked goods to grocery stores nationally in July. It anticipates a growth rate in sales of 5% per month due to the time of the year and new contracts with several grocery stores management feels that this steady 5% growth can be sustained. The desired monthly ending inventory in units of finished baked goods is 80% of the next month’s estimated sales.
There are 160,000 finished bake goods in inventory in June 30. Each unit of finished product requires 4 pounds of raw material (flour, sugar, and butter) at cost of $1.15 per pound. There are 700,000 pounds of raw material in inventory of June 30. Calculate the bakery’s total required production in units of baked goods for the entire three months period ending 9/30. I ONLY NEED THE CALCULATIONS.
Sign up to view the entire interaction

Top Answer

Attached Excel file... View the full answer

Solutions to assignment of vernonlawton515yahoo.com.xlsx

Solutions to assignment of vernonlawton515yahoo.com
Assumptions:
1) 5% monthly sales growth starting in August.
2) Desired ending inventory is 80% of next month's estimated sales.
3) Each unit...

Sign up to view the full answer

Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

-

Educational Resources
  • -

    Study Documents

    Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

    Browse Documents
  • -

    Question & Answers

    Get one-on-one homework help from our expert tutors—available online 24/7. Ask your own questions or browse existing Q&A threads. Satisfaction guaranteed!

    Ask a Question
Ask a homework question - tutors are online