Croy Incorporated has the following projected sales for the next five months: Month Sales in Units April 3,480 May 3,930 June 4,570 July 4,105 August 3,920 Croys finished goods inventory policy is to have 50 percent of the next months sales on hand at the end of each month. Direct materials cost $3.00 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next months production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,705 pounds. Required: Determine budgeted production for April, May, and June. Determine budgeted cost of direct materials purchased for April and May. Determine budgeted production for April, May, and June. Note: Do not round your intermediate calculations and round your final answers to the nearest whole number. April May June Budgeted Production (Units) Determine budgeted cost of direct materials purchased for April and May. Note: Use rounded Budgeted Production units in intermediate calculations. Round your answers to 2 decimal places. April May Budgeted Cost of Material Purchased Martin Clothing Company is a retail company that sells hiking and other outdoor gear specially made for the desert heat. It sells to individuals as well as local companies that coordinate adventure getaways in the desert for tourists. The following information is available for several months of the current year: Month Sales Purchases Cash Expenses Paid May $ 100,000 $ 70,000 $ 24,000 June 116,000 93,000 24,500 July 132,000 111,000 35,250 August 131,000 71,000 35,000 The majority of Martins sales (60 percent) are cash, but a few of the excursion companies purchase on credit. Of the credit sales, 30 percent are collected in the month of sale and 70 percent are collected in the following month. All of Martins purchases are on account with 40 percent paid in the month of purchase and 60 percent paid the following month. Required: Determine budgeted cash collections for July and August. Determine budgeted cash payments for July and August. Determine budgeted cash collections for July and August. Note: Round your intermediate calculations and final answers to nearest whole dollar. July August Budgeted Cash Collections Determine budgeted cash payments for July and August. July August Budgeted Cash Payments