Bodin Company budgets on an annual basis. The following beginning and ending Inventory levels (in units) are plannned for the year 20x1. Two units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods January 1 December 31 35, eee 45,000 12,000 12,000 8e, eee 5e,eee Required: 1. If Bodin Company plans to sell 480,000 units during the year, compute the number of units the firm would have to manufacture during the year. 2. If 500,000 finished units were to be manufactured by Bodin Company during the year, determine the amount of raw material to be purchased. 1. Required production in units 2. Raw material purchases in units Coyote Loco, Inc., a distributor of salsa, has the following historical collection pattern for its credit sales. 70 percent collected in the month of sale. 15 percent collected in the first month after sale. 10 percent collected in the second month after sale. 4 percent collected in the third month after sale. 1 percent uncollectible. The sales on account have been budgeted for the last seven months as follows: June July August September October November December $ 49, eee 60, eee 70, see 8e, eee 90,000 100, eee 85,800 Required: 1. Compute the estimated total cash collections during October from credit sales. 2. Compute the estimated total cash collections during the fourth quarter from sales made on account during the fourth quarter. 1. Total cash collections 2. Total cash collections