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 $55 per unit. The estimated sales volume for the next six months is as follows:

September	14,300	units
October	13,200	units
November	15,400	units
December	22,000	units
January	9,900	units
February	11,000	units

All sales are on account. The company's collection experience has been that 30% of a month's sales are collected in the month of sale, 68% are collected in the month following the sale, and 2% are uncollectible. It is expected that the net realizable value of accounts receivable (i.e., accounts receivable less allowance for uncollectible accounts) will be $534,820 on September 30, 2016.

Management's policy is to maintain ending finished goods inventory each month at a level equal to 30% of the next month's budgeted sales. The finished goods inventory on September 30, 2016, is expected to be 3,960 units.

To make one unit of finished product, 3 pounds of materials are required. Management's policy is to have enough materials on hand at the end of each month to equal 40% of the next month's estimated usage. The raw materials inventory is expected to be 16,632 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 $50,134 on September 30, 2016.

c. Prepare a production budget in units, by month and in total, for the fourth quarter of 2016.

beginning inventory of finished goods

Unit to be produced

goods available for sale

Desired ending inventory of finished goods

the quantity of goods sold

d. Prepare a materials purchases budget in pounds, by month and in total, for the fourth quarter of 2016.

Beginning inventory of raw material

purchases of raw material

raw material available for us

desired ending inventory of raw material

Quantity of raw materials to be used in production

e. Prepare a schedule of cash payments for materials, by month and in total, for the fourth quarter of 2016. (Do not round intermediate calculations.)

september purchase

October purchase

November purchase

December purchase

total cash payment