Question No. 1 XYZ Manufacturing Company is a wholesaler of industrial goods. Data regarding the store's operations follow: Sales (Number of Units) Additional Information - Selling Price per unit OMR 1 . - 40% of the sales are cash sales. - 40% of the credit sales are collected during the same month of sale. 55% of credit sales are collected in the second month of sale, and 5% are uncollectible. - Account receivable at the end of September is OMR40,000 which will be collected in October. - The company wants to keep an ending inventory of goods equal to 20% of the next month's sales. The total ending inventory of finished goods at the end of September is 40,000 units. - Each of the units requires 2Kg of raw materials. - The cost of raw materials equals 0.200 Baiza per Kg. - The company wants to maintain an ending inventory of raw materials equal to 30% of the next month's production needs. (Assume that the raw materials needs of December will be 300,000 units). Raw materials available in stock at the end of September are 100,000 units. - Account payable as at the end of September is OMR10,000 which will be paid in October Using the provided information, prepare the following budgets and schedules for XYZ Manufacturing Company for October, November, and December. 1. Sales Budget 2. Cash Collection Schedule 3. Production Budget 4. Materials Budget 5. Cash Payment Schedule