1)Prepare a direct materials budget for Gilden,, by month and in total, for the third quarter. (Round your Unit cost of raw materials to 2 decimal places.)

	July	August	september	quarter
Required Production in Units of Finished Goods
Units of Raw materials needed per unit of Finished Goods
Units of raw material needed to meet production
?
Total units of raw materials needed
?
Units of raw materials to be purchased
Unit cost of raw materials	$
cost of raw materials to be purchased

Info:

Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation:

a.	The Marketing Department has estimated sales as follows for the remainder of the year (in units):

The selling price of the beach umbrellas is $14 per unit.

July	41,500	October	31,500
August	93,000	November	18,000
September	62,000	December	18,500

b.	All sales are on account. Based on past experience, sales are collected in the following pattern:

30%	in the month of sale
65%	in the month following sale
5%	uncollectible

Sales for June totaled $588,000.

c.	The company maintains finished goods inventories equal to 15% of the following month