You are required to calculate cost of production budget for Wayne Pearce for the periods July, August and September based on total sales revenue which is budgeted at:

July                 August         September          October

27,000          36,000           45,000                54,000 

The closing inventory for each month should be 40% of the budgeted cost of sales for the following month. Selling price is calculated by a 50% Mark-up on cost.

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