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. a. Koko Choc Berhad has forecasted the following sales for the first seven months of the year. Month RM Month RM January 10,000 May

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. a. Koko Choc Berhad has forecasted the following sales for the first seven months of the year. Month RM Month RM January 10,000 May 10,000 February 12,000 June 16,000 March 14,000 July 18,000 April 20,000 Purchases of raw materials made up 30% of the forecasted sales for the next month. Of the total purchases, 40% is paid in the month purchase is made and 60% in the following month. Other cash payments made are: i. Labour cost equals RM4,000 per month. ii. Fixed overhead is RM2,000 per month. iii. Interest payments are paid in the months of March and June and amounted to RM3,000. iv. A sales commission of 1.5% on total sales is paid in June. You are required to prepare a monthly cash payment for the six-month period from January until June. (16 marks)

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