Sleepright manufactures wooden bedframes.

Each unit sells for 150. Demand for the coming months is expected to be as follows:

July: 2,000 units

August: 3,000 units

September: 5,000 units

October: 6,000 units

All bedframes are sold to customers on the following terms: 10% payable in month of sale and 90% in the month following sale.

The closing bank balance on 30th June will be 240,000.

Production details are as follows:

• - The company maintains an inventory of finished goods equal to half of the following months projected sales.

• - Each unit requires 10 metres of oak costing 6 per metre. Suppliers are paid in the month following purchase. Supplies of oak are held in quantities equal to amounts required for the following month's production requirements. The value of oak purchased in June is 150,000.

• - Labour costs are budgeted to be 75,000 in July and 120,000 in August.

• - Fixed costs are estimated to be 10,000 per month inclusive of depreciation of 2,000 each month.

Complete the company's production budget for July and August:

NB: All figures in this table should be written as positive whole numbers (e.g 1,000 or 1000).

In Units	July	August
Sales
Closing inventory
Opening inventory
Production required

Complete the Raw Materials Budget:

NB: All figures in this table should be written as positive whole numbers (e.g 1,000 or 1000).

	July	August
Raw materials required for production
Closing inventory
Opening inventory
Raw material required
Price per unit		6
value of raw materials purchases
Raw materials payments	150,000

Complete the cash budget for July and August

NB: All figures in this table should be written as positive whole numbers (e.g 1,000 or 1000), with the exception of a net cash outflow which should be written as a negative figure, e.g -10,000

	July	August
Cash inflows:Sales receipts
Cash outflows:
Purchases
Labour
Fixed costs
Net cash inflows/(outflows)
Opening balance
Closing balance