2 value: 5.00 points The marketing department of fiscal year (all sales are on account) Jessi Corporation has submitted the following sales forecast for the upcoming 1st Quarter 12,100 2nd Quarter 13,100 3rd Quarter 15,100 4th Quarter 14,100 Budgeted unit sales The selling price of the company's product is $20 per unit. Management expects to collect 75% of sales in the quarter in which the sales are made, 20% in the following quarter, and 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $72,400 The company expects to start the first quarter with 2,420 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2,620 units Required 1-a. Compute the company's total sales Compute the company's total sales Jessi Corporation Sales Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Budgeted units sales Selling price per unit Total sales