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2. Prepare the company's production budget for the upcoming fiscal year. The marketing department of Kyle Corporation has submitted the following sales forecast for the

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2. Prepare the company's production budget for the upcoming fiscal year. The marketing department of Kyle Corporation has submitted the following sales forecast for the upcoming fiscal year: The selling price of the company's product is $35 per unit Management expects to collect 65% of sales in the quarter in which the sales are made and 30% in the following quarter, 5% of sales are expected to be uncollectible. The beginning balance of accounts recelvable, all of which are expected to be collected in the first quarter, is $95,500. The company expects to start the first quarter with 2.750 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 15% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 3,000 units. Required: 1-a. Prepare the company's sales budget. b. Prepare the schedule of expected cash collections. 2. Prepare the company's production budget for the upcoming fiscal year

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