Q.3) The following information has been extracted from the records of a coupany Product cost sheet (per unit): Particulars Raw Material Direct Labour Overheads Total Prost Selling Price 45 20 40 1105 15 120 1. Raw material are in stock on an average for two months 2. The materials are in progress on an average for one month. 3. The degree of completion is 50% in respect of all elements of cost. 4. Finished goods stock on an average is for one month 5. Time lag in payment of wages and overheads is 1% weeks. 6. Time lag in receipt of proceeds from debtors is 2 months. 7. Credit allowed by supplier is one month. 8. 20% of the output is sold against cash 9. The company is poised for a manufacture of 1,44,000 imits in the next year. You are required to prepare a statement showing the Working Capital requirements of the coupany