Question

Tucker Company makes chairs. Tucker has the following production budget for January - March. January February March Units Produced 11,297 12,205 9,276 Each chair produced uses 4 board feet of wood. Management wants ending inventory levels of raw materials to equal 20% of the production needs (in wood) for the next month. How many board feet of wood does Tucker need to purchase in February? Round your answer to the nearest whole number. Don't round any intermediate calculations.

Answer 1

Tucker Company

The number of board feet of wood that Tucker needs to purchase in February is:

= 46,297.

Step-by-step explanation:

a) Data and Calculations:

Production Budget

January February March Total

Units Produced 11,297 12,205 9,276 32,778

Board fee for each chair 4 4 4 4

Total board feet required 45,188 48,820 37,104 131,112

Board feet required 45,188 48,820 37,104 131,112

Ending Materials Inventory 9,764 7,421

Beginning Materials Inventory (0) (9,764) (7,421)

Purchase of board feet 54,952 46,297