A manufacturing unit having production and sales 1,20,000 units distributed evenly throughout the year. You are required to calculate Working capital requirement. Usually they are in practice to hold all types of materials each for a month, Debtors are allowed a credit period of 2 months and suppliers allow credit of 1 month. A minimum cash balance is required to be maintaining Rs. 50.000. Labour and overheads are delayed by half a month. Raw Material Rs.30 per unit; Labour Rs. 20 per unit; Overheads Rs. 30 per unit. Profit Rs. 30 per unit. For the cost of WIP (Work of Process) consider 100% value of raw material and 50% of other components of production and 30% sales are made on cash basis. You are required to prepare statement for estimated working capital and give proper working notes to support your solution.
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