Freddie Ox has £9,000 of opening finished goods stocks. In July, 1,500 units will be produced at a production cost of £10 each. Production will increase at 100 units per month; production cost remains steady. Sales will be £15,000 in July rising by £1,500 per month. Gross profit is 20% of sales.

Required:

Prepare F. Ox’s finished goods budget for July-December. LO1