BUS 208 - Principles of Accounting II Homework Assignment 9 Chapter 22 Part 1: Rumble Thunder Estimated inventory in units, June 1 950 300 Desired inventory in units, June 30 1,020 480 Expected sales volume (units): North region 17,500 2,700 South region 21,500 3,100 Unit sales price $ 160 $ 230 Part 2: May $ 193,000 June 206,000 July 217,000 Prepare a schedule indicating cash collections from sales for May, June and July. Vital Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Worthington Company was organized on May 1. Projected sales for each of the first three months of operations were as follows: All sales are on account. 70% of sales are expected to be collected in the month of sale, 23% in the month following the sale and the remainder in the second month following the sale