3. Calculate the estimated quantity of Calcu a the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. 1. Calculate the estimated sales, by month and in total, for the third quarter. 2 Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October. 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Giden) purchases by month and in total, for the third quarter: 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. 1 Calculate the estimated sales, by month and in total, for the third quarter. 2 Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October. 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October. c. tach beach umbreila requires 4 feet or Giden, a matenar that is sometimes nara to acquire. Ineretore, the company requires ending inventory of Gilden equal to 50% of the following month's production needs. The inventory of Gilden on hand ot the beginning and end of the quarter wilt be: June 39 Septenber io 74,300feet feet e. Gilden costs $0.60 per foot One-half of a month's purchases of Gilden is paid for in the month of purchase; the remainder is paic for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $35,790. Required: 1 Calculate the entimated sales, by month and in total, for the third quarter 2 Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October. 4. Calculate the quantity of Giden (in feet) that needs to be purchased by month and in total, for the third quarter 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter 6. Calculate the expected cash disbursements for raw materiat (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. Calculate the expected cash collections, by month and in total, for the third quarter. Milo Company manufactures beach umbrellas. The company is preparing budgets for the third quarter and assembled the following information: a. The Marketing Department estimated unit sales as follows for the remainder of the year The selling price of the beach umbrellas is $11 per unit: b. Aft sales are on account. Based on past experience, sales are collected in the following pattern: 3ex in the month of sale 65x in the month following sale 5t incollectible Sales for June totaled $231,000 c. The company maintains finished goods inventories equal to 15% of the foliowing month's sales, This requirement will be met at the end of June. d. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires ending inventory of Giden equal to 50% of the following month's production needs. The inventory of Giliden on hand at the beginning and end of the quarter will be June.je septenber 30 74,300 feet i. feet e. Gilden costs $0.60 per foot One-half of a month's purchoses of Gilden is paid for in the month of purchase; the remainder is paid for in the following month. The accounts payoble on July 1 for purchases of Gilden during June will be $35,790 Required: 1. Caiculete the estimated sales, by month and in total, for the third quarter 2. Calculate the expected cash collections, by month and in total, for the third quarter. 3 Calculate the estimated quantity of beach umbrellas that need to be produced in July. August, September, and October 4. Calculate the quantity of Gilden (in feet) that needs to be purchosed by month and in total, for the third quarter