The following information has been made available from the records of Bits and Great Nigeria Limited for the six months of 2000 (and of only the sales of January 2001) in respect of product X

(i) Units to be sold in different months are

July 2000 ......1100

August 2000.....1100

September 2000......1700

October 2000........1900

November 2000......2300

December 2000........2300

January 2001.........2000

(ii) There will be no work in process at the end of any month.

(iii) Finishing units which are equal to half sales of the next month will be in stock at the end of every month ( including June,2000)

(iv) Budgeting production and production cost for the year ended 31st 2000, are as follows

Production (Units) .........22000

Direct material per unit. .....N10

Direct wages per unit. ..........N4

Total factory overhead apportioned to production N88,000

You are required to prepare:

(a) A production budget for each of the six months of 2000, and

(b) A summarized production cost budget for the same period.