BEAUJ FINAL Exam FALL BACC2014 AD Ayers 2 012607 Help Save & En Sub The marketing department of Payero Corporation has submited the following sales forecast for the upcoming fiscal year (all sales e on account Budgeted unit sales Quarter 2nd Quarter 3rd Quarter 4th Quarter 11,500 12,500 The selling price of the company's product is $14 per unit. Management expects to collect 75% of sales in the quarter in which t sales are made, 20% in the following quarter, and 5% of sales are expected to be uncollectible. The beginning balance of accom receivable, all of which is expected to be collected in the first quarter, is $71,200 The company expects to start the first quarter with 1725 units in finished goods inventory Management desires an ending tim goods inventory in each quarter equal to 15% of the next quarter's budgeted sales. The desired ending finished goods inven the fourth quarter is 1.925 units Required: 1 Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. 2. Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. 3. Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whe Complete this question by entering your answers in the tabs below. 10 Expand Type here to search Required 1 Required 2 Required 3 < Prev 2 of 10 Next > 68F Mosthe rou