1. MM Ltd has estimated the following quarter-wise sales for its product for the year 2004- 05 : The stocks to be maintained are as under: Each unit of finished output requires 2kg. of raw materials. The production pattern in each quarter is based on 80% of the sales of the current quarter and 20% of the sales of the next quarter. The company proposes to purchase the entire annual requirement of raw material in the first three quarters. Prepare the purchase budget, quarter-wise and yearly. blems 1. MLtd has estimated the following quarter-wise sales for its product for the year 200405 : The stocks to be maintained are as under: Each unit of finished output requires 2kg. of raw materials. The production pattern in each quarter is based on 80% of the sales of the current quarter and 20% of the sales of the next quarter. The company proposes to purchase the entire annual requirement of raw material in the first three quarters