High School

There are 55,542 pounds of raw materials on hand as of July 1.

101,276 pounds of raw materials are expected to be in inventory on July 31, and 411,903 pounds of raw materials are required for July production.

How many pounds of raw materials should be purchased in July?

Answer :

Final answer:

Approximately 255,085 pounds of raw materials should be purchased in July.

Explanation:

To calculate the amount of raw materials that should be purchased in July, we need to consider the starting inventory, the expected inventory at the end of July, and the raw materials required for production during July.

Given:

  • Starting inventory on July 1: 55,542 pounds
  • Expected inventory on July 31: 101,276 pounds
  • Raw materials required for July production: 411,903 pounds

To find the amount of raw materials to be purchased, we can use the following formula:

Amount to be purchased = Required raw materials - Starting inventory - Expected inventory

Substituting the given values into the formula:

Amount to be purchased = 411,903 pounds - 55,542 pounds - 101,276 pounds

Amount to be purchased = 255,085 pounds

Therefore, approximately 255,085 pounds of raw materials should be purchased in July.

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