EMusk Company, which manufactures mini travel perfumes, is in the process of preparing

budgets for the first quarter of $2024$ and has provided you with below data.

Estimated sales $($in units$)$:

a$.$ The selling price of the mini perfume is $$10$ per unit.

b$.$ All sales are on account. Based on past experience, sales are collected in the

following pattern:

c$.$ Sales for December $2023$ totaled $$400,000.$

d$.$ The company maintains finished goods inventories equal to $20\%$ of the following

month's sales. This requirement is met at the end of December $2023.$

e$.$ Each mini travel perfume requires $3ml$ of raw materials $($musk oil$).$

f$.$ The company requires that the ending inventory of raw materials be equal to $20\%$

of the following month's production needs.

g$.$ The raw materials costs $$1\mathrm{.}5$ per $ml>$

h$.40\%$ of a month's purchases of raw materials is paid for in the month of purchase;

the remainder is paid for in the following month.

i$.$ The accounts payable on December $2023$ for purchases of raw materials will be

$$75,000.$xcel.

Musk Company, which manufactures mini travel perfumes, is in the process of preparing budgets for the first quarter of $2024$ and has provided you with below data.

Estimated sales $($in units$)$:

January $50,000$

February $80,000$

March $90,000$

April $40,000$

May $10,000$

June $20,000$

a$.$ The selling price of the mini perfume is $$10$ per unit.

b$.$ All sales are on account. Based on past experience, sales are collected in the following pattern:

Month of sale $25\%$

Month following sale $70\%$

Uncollectible $5\%$

c$.$ Sales for December $2023$ totaled $$400,000.$

d$.$ The company maintains finished goods inventories equal to $20\%$ of the following month's sales. This requirement is met at the end of December $2023.$

e$.$ Each mini travel perfume requires $3$ ml of raw materials $($musk oil$).$

f$.$ The company requires that the ending inventory of raw materials be equal to $20\%$ of the following month's production needs.

g$.$ The raw materials costs $ $1\mathrm{.}5$ per ml

h$.40\%$ of a month's purchases of raw materials is paid for in the month of purchase; the remainder is paid for in the following month.

i$.$ The accounts payable on December $2023$ for purchases of raw materials will be $$75,000.$