a. The Markeding Department has estimated sales as follows for the remainder of the year (in units) The selling price of the beach umbrellas is $15 per unit. b. All sales are on account. Based on past experience, sales are collected in the following pattern: Sales for June totaled $645,000 c. The company maintains finished goods inventorles equal to 15% of the followng month's sales. This requirement will be met at the end of June. d. Each beach umbrella requires 4 feet of Giden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to 50% of the following month's production needs. The inventory of Glden on hand at the beginning and end of the quarter will be? a. Gilden costs $0.80 per foot. One-half of a month's purchasess of Giden is paid for in the month of purchase: the remainder is pald for in the following month. The accounts payable on July i for purchases of Gllden during June wil be $74,120 Required: 1. Calculate the estimated sales. by month and in total, for the therd cuartec. 2. Calculate the expected cash collectons, by month and in total, for the thitcd quarten 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 en feeti that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Giden purchassa by month and in total, for the third quartet, 6. Calculate the expected cash disbursements for raw matenal (Gi deni) purchases. by month and in total, for the third quarter