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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:
tableJulyOctober,AugustNovember,SeptemberDecember,
The selling price of the beach umbrellas is $ per unit.
b All sales are on account. Based on past experience, sales are collected in the following pattern:
in the month of sale
in the month following sale
uncollectible
Sales for June totaled $
c The company maintains finished goods inventories equal to of the following month's sales. This requirement will be met at the end of June.
d Each beach umbrella requires feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be:
tableJune feetSeptember feet
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