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Can anyone please fill in the chart in the second pic? I only need the spots that are squared Milo Company manufactures beach umbrellas. The

Can anyone please fill in the chart in the second pic? I only need the spots that are squared image text in transcribed
image text in transcribed
Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has the following information t assist in the budget preparation a. The Marketing Department has estimated sales as follows the remainder of the year on The selling price the beach umbrellas for is $12 per unit. units) July 30,000 October 20,000 August 700.000 November 10,000 September 50,000 December 10,000 b All sales are on account. Based on past experience, sales are collected in the following pattern: 30% in the month of sale 65% in the month following sale 5% uncollectible Sales for June totaled $300,000. 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 June. 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 the following month's production needs The inventory of Gilden on hand at the beginning and end of the quarter will be June 30 72,000 feet September 30 feet e. Gilden costs One-half of a month's purchases of Gilden is paid for in the month of purchase; the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $76,000

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