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

a. The Marketing Department has estimated sales as follows for the remainder of the year (in units):
\table[[July,36,000,October,26,000],[August,82,000,November,12,500],[September,51,000,December,13,000]]
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:
30% in the month of sale
65% in the month following sale
5% uncollectible
Sales for June totaled $465,000.
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 month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be:
\table[[June 30,85,800 feet],[September 30,? feet]]
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