1) Jordan Corp has the following sales data forecast for the next year Q1 Budgeted sales in units 2,960 Q2 Budgeted sales in units 3,700 Q3 Budgeted sales in units 4,440 Q4 Budgeted sales in units 4,070 Selling price/ per unit $7.40 Sales collection in current quarter 65% Sales collection in next quarter 30% Uncollectible 5% Last year outstanding A/R $29,785 Last year ending inventory 740 desired ending inventory is 5.55% of next quarter budgeted sales in units desired ending inventory for the forth quarter is 832.50 Please prepare the Sales and Production budget. 2)ABC Corp has following data for preparing the materials purchase budget Q1 Required Production in units 2,886.00 Q2 Required Production in units 2,516.00 Q3 Required Production in units 2,294.00 Q4 Required Production in units 2,701.00 1st Quarter Beg raw materials inventory in kg 1154.40 1st Quarter Beg Accounts Payable $5,483.40 Each unit materials weight in kg 0.74 Each kg costs $1.48 Desired Inventory is 7.4% of next quarter purchase Desired ending inventory for 4th quarter is 1161.80 kg. 75% Current quarter purchase paid in current quarter 25% Current quarter purchase paid in next quarter Please prepare the material purchase budget