8-14 in excell doc please

30. the quarter ended September 30. EXERCISE 8-14 Sales and Production Budgets LOB-2, LO8-3 The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): 1st Quarter Budgeted unit sales 11,000 2nd Quarter 3rd Quarter 4th Quarter 12,000 14.000 13,000 000 The selling price of the company the product is 1918.00 per unit. Management expects to collect those of are expected to be uncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $70,200. The company expects to start the first quarter with 1,650 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 cted zeiv. 1.850 units. Required: St of the the 1. Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. (Hint: Refer to Schedule 1 for guidance.) 2. Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. (Hint: Refer to Schedule 1 for guidance.) 3. Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole. (Hint: Refer to Schedule 2 for guidance.) this are rter eits EXERCISE 8-15 Direct Labor and Manufacturing Overhead Budgets L08-5, L08-6 The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year: om