Freese, Inc., is in the process of preparing the fourth quarter budget for 2016, and the following data have been assembled: The company sells a single product at a price of $60 per unit. The estimated sales volume for the next six months is as follows: September 13,000 units October 12,000 units November 14,000 units December 20,000 units January 9,000 units February 10,000 units All sales are on account. The companys collection experience has been that 32% of a months sales are collected in the month of sale, 64% are collected in the month following the sale, and 4% are uncollectible. It is expected that the net realizable value of accounts receivable (i.e., accounts receivable less allowance for uncollectible accounts) will be $499,200 on September 30, 2016. Managements policy is to maintain ending finished goods inventory each month at a level equal to 40% of the next months budgeted sales. The finished goods inventory on September 30, 2016, is expected to be 4,800 units. To make one unit of finished product, 5 pounds of materials are required. Managements policy is to have enough materials on hand at the end of each month to equal 30% of the next months estimated usage. The raw materials inventory is expected to be 19,200 pounds on September 30, 2016. The cost per pound of raw material is $4, and 70% of all purchases are paid for in the month of purchase; the remainder is paid in the following month. The accounts payable for raw material purchases is expected to be $75,960 on September 30, 2016. Required: a. Prepare a sales budget in units and dollars, by month and in total, for the fourth quarter (October, November, and December) of 2016.