Fortin Limited produces and sells a single product, a wearable LED light for runners and cyclists. The analytics group at Fortin Limited has developed the following estimates for unit sales in the upcoming year.

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter
Budgeted unit sales		24,000			22,500			21,000			22,000

The light sells for $40 per unit and all sales are on account. 75% of sales are expected to be collected in the quarter of sale, with the remainder in the following quarter. Accounts receivable at the beginning of the quarter were $184,000 and will all be collected during the first quarter of the year.

At the end of the previous quarter there were 2,400 units in finished goods inventory. The desired ending finished goods inventory at the end of each quarter is 10% of the next quarters budgeted sales. Management expects sales in the fourth quarter of the upcoming year to be the same as the first quarter of the following year.

Prepare the companys sales budget.

Prepare the schedule of expected cash collections.

Prepare the companys production budget for the upcoming fiscal year.