6. Bergonio Manufacturing Company Ltd. is to start production on 1st January, 2020. The prime cost of a unit is expected to be 40 out of which 16 is for materials and 24 for labor. In addition, variable expenses per unit are expected to be 8 and fixed expenses per month 30,000. Payment for materials is to be made in the month following the purchases. One-third of sales will be for cash and the rest on credit for settlement in the following month. Expenses are payable in the month in which they are incurred. The selling price is fixed at 80 per unit. The numbers of units manufactured and sold are expected to be as under: Jan 900; Feb 1,200; Mar 1,800; April 2,100; May 2,100 and June 2,400 Requirement: Draw up a statement showing requirements of working capital from month to month, ignoring the question of stocks. Statement Showing Requirement of Working Capital January February March April May June Payments: Materials Wages Fixed Expenses Variable Expenses Receipts: Cash Sales A/R WC Required (Payments - Receipts) Surplus Cum Reg of WC Surplus WC