a$.$ The Marketing Department has estimated sales as follows for the remainder of the year $($in units$)$:

The selling price of the beach umbrellas is $$10$ per unit.

b$.$ All sales are on account. Based on past experience, sales are collected in the following pattern:

Sales for June totaled $$440,000.$

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 that

the ending inventory of Gilden be equal to $50\%$ of the following mynth$\text{'}$s production needs. The inventory of Gilden on hand at the

beginning and end of the quarter will be:

June $30$

September $30$

$100,750$ feet

$?$ feet

e$.$ Gilden costs $$0\mathrm{.}40$ 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 $$37,660.$

June $30$

September $30$

$100,750$ feet

$?$ feet

e$.$ Gilden costs $$0\mathrm{.}40$ per foot. One$-$half of a month's purchases of Gilden is paid for insthe month of purchase; the remainder is pa

for in the following month. The accounts payable on July $1$ for purchases of Gilden during June will be $$37,660.$

Required:

Calculate the estimated sales, by month and in total, for the third quarter.

Calculate the expected cash collections, by month and in total, for the third quarter.

Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October.

Calculate the quantity of Gilden $($in feet$)$ that needs to be purchased by month and in total, for the third quarter.

Calculate the cost of the raw material $($Gilden$)$ purchases by month and in total, for the third quarter.

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.

Req $2$

Req $4$ and $5$

Calculate the expected cash collections, by month and in total, for the third quarter.