Blue Ray Inc. manufactures two products, infrared and laser, which use raw materials, GB and TB. One unit of infrared uses 2 litres of GB and 4 kilograms of TB. One unit of laser uses 3 litres of GB and 6 kilograms of TB. A litre of GB is expected to cost $4 and a kilogram of TB $8. Sales and finished goods inventory budget for the year 2019 are as follows: Infrared Laser Budgeted sales 6,500 units Budgeted sales 7.500 units Opening inventory 2,000 units Opening inventory 3,000 units Closing inventory Selling price 750 units Closing inventory 1,050 units $200 Selling price $400 Inventories of raw material are 3,200 litres of GB and 4,000 kilograms of TB at 1 January, 2019 and the company plans to hold 2,000 litres and 4,500 kilograms, respectively, at December 31, 2019. The warehouse and stores managers have suggested that a provision should be made for damages and deterioration of items held in store, as follows. Product Infrared Loss of 50 units Laser Loss of 100 units Raw materials GB Loss of 500 litres TB Loss of 200 kilograms Required: a. Prepare the following for the year 2019: i. Sales budget ii. Production budget iii.Raw material usage budget iv. Raw material purchase budget (3 marks) (11 marks) (6 marks) (15 marks)