>of 4 Page ZOOM 66 t sales will not start until 1 May. Planned sales for the next nine months are as follows: Sales Units May 500 June 600 August 800 September 900 October 900 November 900 nbe January 700 The selling price of a unit will be a consistent 100 and all sales will be made month's credit. It is planned that sufficient finished goods inventories for each month's one sal Baw materiale nurchases will be such that there will be sufficient raw materials invento- ries available at the end of each month precisely to meet the following month's planned production. This planned policy will operate from the end of April. Purchases of raw mate- rials will be on one month's credit. The cost of raw material is 40 a unit of finished product. 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 (fixed) assets costing 250,000 will be bought and paid for during April. 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 share issue in April. Required: Draw up the following for the six months ending September (a) A finished inventories budget, showing just physical quantities. (b) Araw materials inventories budget showing both physical quantities and financial values (c) A trade payables budget. budget. (e) A cash budnat >of 4 Page ZOOM 66 t sales will not start until 1 May. Planned sales for the next nine months are as follows: Sales Units May 500 June 600 August 800 September 900 October 900 November 900 nbe January 700 The selling price of a unit will be a consistent 100 and all sales will be made month's credit. It is planned that sufficient finished goods inventories for each month's one sal Baw materiale nurchases will be such that there will be sufficient raw materials invento- ries available at the end of each month precisely to meet the following month's planned production. This planned policy will operate from the end of April. Purchases of raw mate- rials will be on one month's credit. The cost of raw material is 40 a unit of finished product. 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 (fixed) assets costing 250,000 will be bought and paid for during April. 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 share issue in April. Required: Draw up the following for the six months ending September (a) A finished inventories budget, showing just physical quantities. (b) Araw materials inventories budget showing both physical quantities and financial values (c) A trade payables budget. budget. (e) A cash budnat