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Teratai Sdn Bhd requires assistance in developing cash and other budget information for May, June and July. At April 30, the company had cash of RM11,000, accounts receivable of RM874,000, inventories of RM618,800 and accounts payable of RM266, 110. The budget is to be prepared on the following assumptions: (a) Each month's sales are billed on the last day of the month. (b) Customers are allowed a 2 percent discount if payment is made within 10 days after the billing date. Receivables are recorded in the accounts at their gross amounts (not net of discounts) (c) The billings are collected as follows: 70 percent within the discount period, 15 percent by the end of the month, and 12 percent by the end of the following month. Three percent is uncollectible. Purchase data are as follows: (d) Of all purchases of merchandise and selling, general, and administrative expenses, 60 percent is paid in the month purchased and the remainder in the following month. (e) The number of units in each month's ending inventory equals 120 percent of the next month's units of sales. (f) The cost of each unit of inventory is RM10. (g) Selling, general and administrative expenses, of which RM4,000 is depreciation, equal 15 percent of the current month's sales. (h) Actual and projected sales follow: March April May June July August RM 708,000 726,000 714,000 684,000 720,000 732,000 Units 11,800 12,100 11,900 11,400 12,000 12,200 abcd ) ) ) ) Calculate budgeted purchases in ringgit for May and June. Budgeted cash collection during May Calculate the budgeted cash disbursement during June. Calculate the budgeted number of units of inventory to be purchased during July

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