Question 3 15 Marks, 27 Minutes) Nazi Inclusive Limited planned to sell 10 000 units during the period 01 October to 31 De Additional information is given below Inventory levels are as follows 30 September 2018 1 000 units 10 000 kg 31 December 2018 2 000 units 5 000 kg Completed products Raw material X Raw material Y8 000 kg 10 000 kg .All inventory is issued according to the FIFO method Three labour hours are needed to manufacture one completed unit Workers earn N$20 per hou The cost of raw material X is N$1 35 per kg Raw material Y is purchased at NSO 50 per kg Two kg of raw material X and 3 kg of raw material Y are required for the production of one unt ofte finished product Manufacturing overhead costs are allocated at a rate of N$6 per direct labour hour Finished products are sold at N$150 per unit * . REQUIRED MARKS Draw up the following budgets for the last quarter (in totals) using the information above Raw matenals purchases budget in quantities and value Hint You will need a production budget) 3 1