PQR Company ltd manufactures one product; the sales for the next year estimated on quarterly

basis are as follows;

Quarter

I

Sales units

$60,000$

II

$75,000$

III

$82,250$

IV

$90,000$

The opening stock of finished goods is $20,000$ units and the company expects to maintain the

closing stock at $32,500$ units at the end of the year. The production pattern in each quarter is based

on $80\%$ of the sales of the current quarter and $20\%$ of the sales of the next quarter

The opening stock of raw materials in the beginning of the year is $20,000$kgs and the closing stocks

at the end of the year are required to be maintained at $10,000$kgs$.$ Each unit of finished output

requires $4$kg of raw materials.

The company proposes to purchase the entire annual requirements of raw materials in the first

three quarters in the proportion and prices given below.

Quarter

Purchase of raw materials $\%$

to total annual requirement

in quantity

Price per kg $($TZS$)$

I

$30\%$

$4$

II

$50\%$

$6$

III

$20\%$

$8$

The value of opening stock of raw materials in the beginning of the year was TZS $40,000$

You are required to prepare the following

$($a$)$Production budget in units

$($b$)$Raw material consumptions in units

$($c$)$Raw materials purchase budget in quantity

$($d$)$Priced store ledger card of raw materials using FIFO method