expected that 70% of the sales will be collected in the month of sale, and 30% will be collected in the following month. Calculate cash collections from customers for each month. SHERIDAN INDUSTRIES Schedule of Expected Collections Collections by Month Sales Jan Feb January $ $ $ February March Total Collections $ $ Sure W SENIDAIN INDUSTRILS Schedule of Expected Collections Collections by Month Jan Feb Mar Total $ $ $ Blue Spruce Company estimates that unit sales will be 10,400 in quarter 1:12,200 in quarter 2: 13,400 in quarter 3; and 18,900 in quarter 4. Management wants to have an ending finished goods inventory equal to 22% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first six months of 2022. BLUE SPRUCE COMPANY Production Budget For the Six Months Ending June 30, 2022 Quarter 1 2 AC Sheridan Industries expects credit sales for January, February, and March to be $210,000, $270,900, and $305,400, respectively. It is expected that 70% of the sales will be collected in the month of sale, and 30% will be collected in the following month. Calculate cash collections from customers for each month. SHERIDAN INDUSTRIES Schedule of Expected Collections Collections by Month Sales Jan Feb January $ S February March