Bodin Company budgets on an annual basis. The following beginning and ending inventory levels in units) are planned for the year 20x1. Five units of raw material are required to produce each unit of finished product. Raw material Work in process Finished goods January 1 December 31 44,099 48,000 17,890 17,000 93,000 65,680 Required: 1. If Bodin Company plans to sell 472,000 units during the year, compute the number of units the firm would have to manufacture during the year. 2. If 510,000 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 $138,580 158,089 183,000 216,880 241,800 266,080 228,500 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 soles made on account during the fourth quarter 1 Total cash collections 2 Total cash collections