a. The Marketing Department estimated unit sales as follows for the remainder of the year: July August September 38,500 October 87,000 November 28,500 15,000 56,000 December 15,500 The selling price of the beach umbrellas is $14 per unit. b. All sales are on account. Based on past experience, sales are collected in the following pattern: 30% in the month of sale 65% in the month following sale 5% uncollectible Sales for June totaled $504,000. c. The company maintains finished goods inventories equal to 15% of the following 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 Gilden equal to 50% of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be: June 30 September 30 91,550 feet ? 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 paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $49,290. Check

a. The Marketing Department estimated unit sales os follows for the remainder of the yean: The selling price of the beach umbiellas is $14 pet unit. b. All sales are on account Based on past experience; sales are collected in the following partern. x in the month of wele 658 in the eonth followine sale is uncoliectible Sales for June totaled $504,000. c. The company maintains finished goods inventories equal to 15% of the following month's sales, This requirement will be met at the end of June. d. Each beach umbrella requires 4 feet of Gliden, a material that is sometimes hard to acquire. Therefore, the company requires ending irventory of Gilden equal to 50% of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter wal be: June30September3093,550feet.feet. June 30 Septenber: 30 91,5se feet. c. Gitden costs $0.60 per foot. One half of a month's purchases of Gilden is pald for in the month of purchase, the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $49,290. 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 fotal, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchaser 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 sales, by month and in total, for the third quarter