Calculate the expected cash collections, by month and in total, for the third quarte alculate the estimated quantity of beach umbrellas that need to be produced in July, \begin{tabular}{|l|l|l|l|} \hline Req1 & Req2 & Req 3 & Req 4 and 5 \\ \hline \end{tabular} Caiculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter: the ending inventory of Giden be equal to 50% of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quartor will be: June 30 Septenber 30 03,300 teet feet e. Gilden costs $0.60 per foot. One-half of a month's purchases of Giden is paid for in the month of purchase; the remainder is paid for in the following month. The occounts payable on July 1 for purchases of Gilden during June will be $42,990. Required: 1. Calculate the estimated sales, by month and in total, for the third quarter. 2. Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October. 4. Calculate the quantity of Giden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. Calculate the estimated sales, by month and in total, for the third quarter. Mido Company manufactures beach umbrellas. The company is preparing detaded budgets for the third quarter and has assembled the following information to assist in the budget preparation: a. The Marketing Department has estimated sales as follows for the remainder of the year (in units): The seling price of the beach umbrellas is $13 per unit. b. All sales are on account. Based on past experience, sales are collected in the following pattern: 301 in the noth of isale 651 in the montb following sale st uncollectible 301 in the moth of wale 651 in the month following sale St uncollectible Sales for June totaled $377,000. c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of hune. d. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to 50% of bie following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be: June jo September 30 83,500 reot 7 teet Gilden costs $0.60 per foot. One-half of a month's purchases of Gilden is paid for in the month of purchase; the remainder is paid for in the followina month. The accounts Davable on Julv 1 for Durchases of Gllden durina June will be $42.990. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third que Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter