From the given information for Atalanta manufacturing company, prepare an estimate of the requirement of working capital.

Production $90000$ units

Selling price per unit Rs $5/-$

Raw Materials $60\%$ of selling price

Direct Wages $10\%$ of selling price

Overheads $20\%$ of selling price

Materials in hand $2$ months requirement

Production time $1$ month

Finished goods in stores $3$ months

Credit for material $2$ months

Credit allowed to customers $3$ months

Average cash balance Rs $30000/-$

Wages and overheads are paid at the beginning of the month following. In production all the required materials are charged in the initial stage and wages and overheads accrue evenly.