BUDGET UNIT SALES

1st quater = 12,200

2nd quater= 13,200

3rd quater = 15,200

4th quater = 14,200

The selling price of the company's product is $21 per unit. Management expects to collect 65% of sales in the quarter in which the sales are mode 30% in the following quarter, and 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $72,600 The company expects to start the first quarter with 2.440 units in finished goods Inventory Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgered sales. The desired ending finished goods Inventory for the fourth quarter is 2640 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 whole. Complete this question by entering your answers in the tabs below. Required Required 2 Required 3 Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Required 2 > The selling price of the company's product is $21 per unit. Management expects to collect 65% of sales in the quarter in which the sales are made. 30% in the following quarter, and 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $72,600. The company expects to start the first quarter with 2,440 units in finished goods inventory Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2.640 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 whole Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Total cash collections