(c) Leerick Ltd. produces a single product that requires 4 kg of raw materials per unit for July, August and September 2010 is to manufacture. The planned production 6,400, 8,100 and 10,50c units respectively. The company requires inventory of raw material on hand at the end of month to be en the situation at the end of June. each, ough for 15% ofthe production for the NEXT month and thiswas Raw material is purchased for $12 per kg. Required: Prepare a Raw Material Purchases Budget for July and August 2010 for Leerick Ltd. Review 3 - Budgets (a) The forecasted sales of the product manufactured by Max-Mara Ltd. for February, March & April 2010 are 6,000, 10,000 and 14,000 units respectively he company requires that closing inventory for each month of 15% of the estimated following months sales should be on hand. Required Prepare a Production Budget for February and March 2010: Production Budget Max-Mara Ltd. March February