Answer all parts and explain

Milo company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation: 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 $13 per unit. b. All sales are on account. Based on past experience, sales are collected in the following pattern: Sales for June totaled $377,000, 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 Jube. d. Each beach umbrella requires 4 feet of Gilden, a material that is somet mes hard to acquire. Therefore, the company requires that the ending inventocy of Gilden be cqual to 50% of the following month's production needs. The inventory of Gilden on hand at the beginning and end or the quarter will be: e. Giden costs $0.60 per foot. One-half of a month's purchases of Gilden is paid for in the month of purchase; the remainder is paid tor in the foliowing month. The accounts payable on July i for purchases of Gilden during June will be $42,990. Required: 1. Caiculate the estimated soles, by month and in totol, for the third quarter 2. Calculate the expected cash collections, by month and in totol, for the third quartet. 3. Caiculate the estimated quantity of beach umbrellas that need to be produced in July. August, Soptember, and October 4. Calculate the quantity of Giden (in feet) that needs to be purctased by month and in fotal, for the third quarter. 5. Calculate the cost of the raw material /Gilden) purchases by month and in total, for the third quarter 6. Calculate the expected cash disbursements for taw material (Gidicn) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. Caiculatn the estimated salies, by month and in total, for the third quartets Ealculate the expected cash collections, by month and in total, for the third quarte Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October. \begin{tabular}{|l|l|l|l|l|} \hline Required prodiction in units & July & August & September October \\ \hline \end{tabular} Calculate the quantity of Giden (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. (Round your Unit cost of raw materials to 2 decimal places.) Caiculate the expected cash distursements for raw material (Gilden) purch