ABC Company makes one {1) product. Its sales price is expected to be P80 per unit. Actual sales for November 201A are 3,100 units, and 3.400 units for December 201A. ABC budgets its sales for the next six (6) months for 201 B: January 2,700 April 2,500 Febmary 2,600 May 2,900 March 2,750 June 3.000 All sales are on account. ABC collects its accounts as follows: 70% in the month of sale 20% in the month following sale 10% in the second month following sale Unoollectible acownts are negligible and can be disregarded. The beginning inventory on January 1. 201 B is 270 units. ABC desires an ending inventory of 10% of the next month's budgeted sales. Each unit of nished goods requires 4 kg of raw materials that cost P3.00Ikg. ABC desires an ending inventory of direct materials equal to 20% of the following month's production needs. Assume that ABC met this requirement atthe end of December. 201A. ABC makes all purchases on account and pays its accounts payable as follows: 60% in the month of purchase and 40% in the month following purchase. Purchases in December 2019. were P31,000. Prepare the following by month for the first quarter of 2013 and for the rst quarter as a whole. Sales budget (4 items) Production budget (4 items} Purchases budget (4 items) Schedule of cash receipts {4 items) Schedule of cash disbursements (4 items} peeps