Tracking inventory in a food manufacturing company

Hi, we are small food manufacturing company and would like to track our inventory of raw materials. We manufacture and sell different food items, biscuits, cakes etc.

Is it possible to do this in QB Pro? or do we need premier. As an example, we could make 200 packets of a particular product line (say, biscuits) which will contain varying proportions of raw materials.

Is it possible to set up a stock group or stock assembly item which calculates how much of each raw material has been utilised, its costs, the remaining balance of inventory etc? If so, how would it be done?

Thanks