Clic, Inc, Provides the Following Data for the Next Four Months

question 129

Essay

Clic, Inc., provides the following data for the next four months:
Desired Ending Inventory:
Raw Materials = 30% of next month's production needs
Finished Goods = 20% of next month's sales
Pounds of raw material required for each finished Unit = 5 lbs.
Required: Calculate the amount of purchases of raw materials in pounds for April and May.

---

Definitions:

Enriched

Improved or enhanced in quality, value, or complexity, often used in the context of job design to refer to making work more rewarding and engaging for employees.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, often characterized by global economic and cultural exchange.

Knowledge Management

The practice of capturing, organizing, sharing, and analyzing an organization's knowledge in order to achieve objectives.

Virtual Teams

Groups of individuals who work together from different geographic locations, connected by electronic communications technology.