Daniel Chu Ltd, a new business, will start production on 1 April, but sales will not start until 1 May. Planned sales for the next nine months are as follows: Sales Units May 500 June July August September October 600 700 800 900 900 900 800 700 November December January The selling price of a unit will be a consistent 100 and all sales will be made on one month's credit. It is planned that sufficient finished goods inventories for each month's sales should be available at the end of the previous month. Raw materials purchases will be such that there will be sufficient raw materials inventories available at the end of each month precisely to meet the following months planned production. This planned policy will operate from the end of April. Purchases of raw materials will be on one month's credit. The cost of raw material is 40 a unit of finished product. The direct labour cost, which is variable with the level of production, is planned to be 20 a unit of finished production. Production overheads are planned to be 20.000 each month, including 3.000 for depreciation. Non- production overheads are planned to be 11.000 a month, of which 1.000 will be depreciation. Various non-current assets costing 250.000 will be bought and paid for during April. Except where specified, assume that all payments take place in the same month as the cost is incurred. The business will raise 300.000 in cash from a share issue in April. Required: Draw up the following for the six months ending 30 September: (a) A finished inventories budget, showing just physical quantities. (b) A raw materials inventories budget showing both physical quantities and financial values. (c) A trade payables budget. (d) A trade receivables budget. (e) A cash budget