Check my work Bodin Company budgets on an annual basis. The following beginning and ending inventory levels (in units) are planned for the year 20x1.Two units of raw material are required to produce each unit of finished product January 1 December 31 Raw material 40.000 55, Work in process 19.000 19.000 Finished goods 84,000 69.000 Required: 1. Bodin Company plans to sell 465,000 units during the year, compute the number of units the firm would have to manufacture during the year 2. 1 515,000 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 75 percent collected in the month of sale. 15 percent collected in the first month after sale 5 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 5123,500 151,090 176,000 202,800 227,000 252.000 216.500 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 sales made on account during the fourth quarter