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The following information has been made available from the records of Precision Tools Limited for the six months of 2020 (and the sales of January

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The following information has been made available from the records of Precision Tools Limited for the six months of 2020 (and the sales of January 2021) in respect of product X The units to be sold in different months are: i) There will be no work-in-progress at the end of any month ii) Finished units equal to half the sales of the next month will be in stock at the end of every month (including June 2020) Budgeted production and production cost for the year ending 31st December 2020 are thus. equired: Production budget for the six months of 2020 (8 marks) Summarized production cost budget for the same period ( 8 marks)

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