Information

The information below was supplied by Messi Manufacturers

The budget sales for August and September 2022 are as follows:

August	4 000 units
September	5 000 units

Finished units equal to 30% of the sales for the following month will be in inventory at the end of each month.

The production cost per unit for August 2022 is expected to be R132 and is 10% greater than the cost for July 2022.

The first-in-first-out method is used to value inventories.

Question 3 Answer the questions from the information provided. 3.1 Prepare the following budgets for August 2022 from the information provided below: 3.1.1 Production budget 3.1.2 Cost of sales budget (4 marks) (4 marks)