Alantic Surt manufactures surfoards. The company's budgeted sales units for the next three months is shown below. Company policy As to maintain finished goods inweotory equal (in units) to 50% of the next month's unit sales. As of June 30 , the company has 2.200 finished surfboards in inventory: Prepore the production budget for the months of July and August. Required informetion Miami Solar manufactures solar panels for industrial use. The company budgets production of 5,700 units (solar panels) in July and 5.600 unts in August Each unit fequires 4 hours of direct labor at a rate of $11 per hour. The company applies variable overhead at the rate of $10 per direct abor how Budgeted fred factory overhead is $180,000 per month. Prepare a factory overhead budget for August. The Guitar Shoppe reports the following budgeted sales: Aupust, $160,000, and September, $230,000, For its totai sales, 35% are inmediately coliected in cash, 55% are credit soles and collected in the month folowing sale, and the remaining fo\% are written oft as uncoltect bite Prepre a sehedute of cash receipts from sales for Septembet. Kingston budgets total sales for June and July of $470,000 and $348.000, respectively. Cash sales are 65% of total sales. Of the credi sales, 15% are collected in the month of sale, 65% are collected curing the first month after the sale, and the remaining 20% are collected in the second month after the sale. Determine the amount of accounts receivable reported on the company's budgeted balance sheet as of July 31 . Hint Determine the percent of June and July sales that are uncollected at July 31