Douglas Company plans to sell 24,000 units during July and 30,000 units during August. Past experience has shown that end-of-month inventory should equal 20% of the next month's unit sales. The beginning finished goods inventory as of July 1st is 2,000 units. Based on these data, how many units should Douglas budget to produce during the month of July? 25,000 28,000 24,000 26,000 11. Avril Company makes collections on sales according to the following schedule: 30% in the month of sale 60% in the month following sale 10% uncollectible The following sales are expected: January Expected Sales $100,000 $120,000 February March $110,000 Cash collections/receipts in March should be budgeted to be: $116,000 $105,000 $110,000 $102,000 Which of the following statements is not correct? The sales budget is constructed by multiplying the expected sales in units by the sales price. The cash budget must be prepared prior to the sales budget because managers want to know the expected cash collections on sales made to customers in prior periods before projecting sales for the current period. The sales budget generally is accompanied by a computation of expected cash receipts for the forthcoming budget period. The sales budget is the starting point in preparing the master budget