(D) Accounts Payable Policy Allow for: 25%ofpurchasestobecashpurchases 50% of purchases to be paid for in the month of purchase 25% of purchases to be paid for one (1) month after purchase (c) Closing Inventory Policy Raw Materials- Should be 10% of the following month's production needs Finished Goods - Should be 20% of the following month's sales The expected raw materials inventory on June 30,2024 , is 2,208 The expected finished goods inventory on June 30,2024 , is 1,100 units and valued at $312 per unit. 5. Standard cost - Manufacture Overhead The production manager is unsure as to how to go about estimating manufacturing overheads but has compiled the following data relating to prior periods. Use regression analysis to derive a cost function for manufacturing overhead cost. Manufacturing overheads are paid in the month incurred. Included in the monthly manufacturing overhead costs is $15,000 depreciation for property, plant and equipment. 6. Administration cost (all fixed)