subject :cost and managemnt

B. The Amazing Company has budgeted the following unit sales: The finished goods units in hand on December 31, 2021, were 1,500 units. Each unit requires 3kg of raw material which is estimated to cost an average of RM3.80 per kg. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 10% of next month's anticipated sales. They also have a policy of maintaining a raw materials inventory at the end of each month equal to 20% of the kg needed for the following month's production. There was 10,200kg of raw materials on hand on December 31,2021. Required: Using the information above, prepare: i. A Production Budget for the first quarter of 2022. (5 marks) ii. A Direct Material Budget for the first quarter of 2022 . (10 marks) (Note: Round up all figures to the nearest integer numbers)