1. Jasper Company has 56% of its sales on credit and 44% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $529,000 for April, $539,000 for May, and $564,000 for June. Total sales for March are $290,300. Prepare a schedule of cash receipts from sales for April, May, and June.

2. Ruiz Company provides the following budgeted sales for the next four months. The company wants to end each month with ending finished goods inventory equal to 30% of next months budgeted unit sales. Finished goods inventory on April 1 is 177 units. Prepare a production budget for the months of April, May, and June. April May June July Budgeted sales units 590 670 620 710