Babu Enterprise sells packaged baby foods for $60/unit and is preparing budget for the 1st quarter of 2020. His actual and budgeted data include: Details . . . . . . . . . . . . Nov 2019 . . . Dec 2019 . . . Jan 2020 . . . Feb 2020 . . . Mar 2020 . . . Apr 2020 . . . May 2020 Production in units . . . . . 6000 . . . . . . 8100 . . . . . . 4900 . . . . . . 5400 . . . . . . . 6100 . . . . . . 4800 . . . . . . 6100 Each unit of product requires 20 kilograms of raw materials to produce. And Babu keeps an ending inventory of raw materials equal to 50% of the following months production needs of raw materials. The price of raw material is $3/kilogram. An advance payment of 40% is to be made a month prior to purchase. 10% is paid in the month of purchase. The rest is paid in the month following purchase. Instructions: For the 1st quarter of 2020, prepare: (A) Direct Materials Budget (5 marks), (B) Cash Payment (disbursement) Schedule for Raw Materials (5 marks) and (C) Calculate the balance of accounts payable at the end of the first quarter of 2020 (2 marks) .