If there were 60,000 pounds of raw materials on hand on January 1, 120,000 pounds are desired for inventory at January 31, and 410,000 pounds are required for January production, how many pounds of raw materials should be purchased in January?

Purchases= 470,000 pounds

Explanation:

Giving the following information:

Beginning inventory= 60,000 pounds

Desired ending inventory= 120,00 pounds

Direct material for production= 410,000 pounds.

Purchases= production + ending inventory - beginning inventory

Purchases= 410,000 + 120,000 - 60,000

Purchases= 470,000 pounds

1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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