Aly Integrated Corporation (AI) produces and sells dog food. The marketing department of Al has submitted the following sales forecast for bags of dog food for the upcoming four months (all sales are on account): February March April January Budgeted unit sales 6,000 2,000 3,000 5,000 The selling price of each bag of dog food is $20.00 per unit. Management expects to collect 70% of sales in the month in which the sales are made and 30% in the following month. The February 1 beginning balance of accounts receivable, all of which is expected to be collected in February, is $36,000. Management desires an ending finished goods inventory in each quarter equal to 20% of the next month's budgeted sales. Regarding direct materials, the dog food is made simply from dehydrated beef, and has no other ingredient. Each bag of dog food requires 2 pounds of beef. In order to be able to hit the ground running at the beginning of each month, Al prefers to have 25% of the next month's direct material production needs on hand at the end of each month. Each pound of beef costs Al $3.00 to purchase. Required: 1. Calculate the estimated sales for the months of February and March. 2. Calculate the expected cash collections for the months of February and March. 3. Calculate the required production in units of finished goods for the month of February. 4. Calculate the amount and cost of direct materials that Al should purchase during the month of February. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the estimated sales for the months of February and March February March Total sales