Aztec Company sells its product for $190 per unit. Its actual and projected sales follow.

	Units	Dollars
April (actual)	6,500	$1,235,000
May (actual)	3,600	684,000
June (budgeted)	7,000	1,330,000
July (budgeted)	6,500	1,235,000
August (budgeted)	4,200	798,000

All sales are on credit. Recent experience shows that 26% of credit sales is collected in the month of the sale, 44% in the month after the sale, 26% in the second month after the sale, and 4% proves to be uncollectible. The products purchase price is $110 per unit. All purchases are payable within 11 days. Thus, 60% of purchases made in a month is paid in that month and the other 40% is paid in the next month. The company has a policy to maintain an ending monthly inventory of 18% of the next months unit sales plus a safety stock of 190 units. The April 30 and May 31 actual inventory levels are consistent with this policy. Selling and administrative expenses for the year are $1,944,000 and are paid evenly throughout the year in cash. The companys minimum cash balance at month-end is $120,000. This minimum is maintained, if necessary, by borrowing cash from the bank. If the balance exceeds $120,000, the company repays as much of the loan as it can without going below the minimum. This type of loan carries an annual 13% interest rate. On May 31, the loan balance is $35,000, and the companys cash balance is $120,000. (Round final answers to the nearest whole dollar.)

2.	Prepare a table that shows the computation of budgeted ending inventories (in units) for April, May, June, and July.

AZTEC COMPANY
Budgeted Ending Inventory
For April, May, June and July
	April	May	June	July
Next month's budgeted sales (units)
Ratio of inventory to future sales
Budgeted "base" ending inventory

Note: Questions 2 through 5 use the same info that I copied into this question. I have 12 questions total for this homework assignment.