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c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of June. d. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to 50% of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be: e. Gilden costs $0.60 per foot. One-half of a month's purchases of Gilden is paid for in the month of purchase; the remainder is paid for in the following month. The accounts payoble on July 1 for purchases of Gilden during June will be $49,290. Required: 1. Calculate the estimated sales, by month and in total, for the third quarter. 2. Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October. 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Giden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. Colculate the estimated sales, by month and in total, for the third quarter. The selling price of the beach umbrellas is $14 per unit D. All sales are on account. Based on past experience, sales are collected in the following pattern. 304 in the nonth of sale 654 in the nonth following sate 5% uncollectible Soles for June totaled $504,000 c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of June. d. Each beach umbrella requires 4 feet of Giden, a material that is sometimes hard to acquire. Therefore, the compony requires that the ending inventory of Gilden be equal to 50% of the following month's production needs. The inventory of Giden on hand at the beginning and end of the quarter will be: June3091,55efeetSeptenber3091,558reet e. Gilden costs $0.60 per foot. One-half of a month's purchases of Gilden is paid for in the manth of purchase; the remainder is paid for in the following month. The accounts payable on July 1 for purehases of Gilden during June will be $49,290. Required: 1. Calculate the estimated sales, by month and in total, for the third quarter. 2. Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantyy of beach umbrellas that need to be produced in July, August, September, and October. 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gidden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. Calculate the expected cash collections, by month and in total, for the third quarter. The selling price of the beach umbrellas is $14 per unit. B. All sales are on account. Based on past experience, sales are collected in the following pattern: 304 in the month of sale 65 in the month following sate 54 uncollectible Sales for June totaled $504,000. c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met ot the end of June. d. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to 50% of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be: e. Gilden costs $0.60 per foot One-half of a month's purchases of Gilden is paid for in the month of purchase; the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $49,290. Required: 1. Calculate the estimated sales, by month and in total, for the third quarter. 2. Calculate the expected cash collections, by month and in total, for the third quarter. 3. Caiculate the estimated quantity of beach umbrellas that need to be produced in July. August, Septepber, and October. 4. Calculate the quantity of Gilden (in feet that needs to be purchased by month and in total, for the thirt quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. Sales for June totaled $504,000 c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of June. d. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to 50% of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be: June 30 91,550 feet Septenber 30 e. Giden costs $0.60 per foot One-half of a month's purchases of Gilden is paid for in the month of purchase; the remainder is poid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $49,290. Required: 1. Calculate the estimated sales, by month and in total, for the third quarter. 2. Caiculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beoch umbrelias that need to be produced in July, August, Septembec, and October. 4. Calculate the quantify of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter: 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. 4. Calcuiate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of June. d. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to 50% of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be: e. Gilden costs $0.60 per foot. One-half of a month's purchases of Gilden is paid for in the month of purchase; the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $49,290. Required: 1. Calculate the estimated sales, by month and in total, for the third quarter. 2. Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October. 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quartec. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter: Complete this question by entering your answers in the tabs below. c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of June. d. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to 50% of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be: e. Gilden costs $0.60 per foot. One-half of a month's purchases of Gilden is paid for in the month of purchase; the remainder is paid for in the following month. The accounts payoble on July 1 for purchases of Gilden during June will be $49,290. Required: 1. Calculate the estimated sales, by month and in total, for the third quarter. 2. Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October. 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Giden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. Colculate the estimated sales, by month and in total, for the third quarter. The selling price of the beach umbrellas is $14 per unit D. All sales are on account. Based on past experience, sales are collected in the following pattern. 304 in the nonth of sale 654 in the nonth following sate 5% uncollectible Soles for June totaled $504,000 c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of June. d. Each beach umbrella requires 4 feet of Giden, a material that is sometimes hard to acquire. Therefore, the compony requires that the ending inventory of Gilden be equal to 50% of the following month's production needs. The inventory of Giden on hand at the beginning and end of the quarter will be: June3091,55efeetSeptenber3091,558reet e. Gilden costs $0.60 per foot. One-half of a month's purchases of Gilden is paid for in the manth of purchase; the remainder is paid for in the following month. The accounts payable on July 1 for purehases of Gilden during June will be $49,290. Required: 1. Calculate the estimated sales, by month and in total, for the third quarter. 2. Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantyy of beach umbrellas that need to be produced in July, August, September, and October. 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gidden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. Calculate the expected cash collections, by month and in total, for the third quarter. The selling price of the beach umbrellas is $14 per unit. B. All sales are on account. Based on past experience, sales are collected in the following pattern: 304 in the month of sale 65 in the month following sate 54 uncollectible Sales for June totaled $504,000. c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met ot the end of June. d. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to 50% of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be: e. Gilden costs $0.60 per foot One-half of a month's purchases of Gilden is paid for in the month of purchase; the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $49,290. Required: 1. Calculate the estimated sales, by month and in total, for the third quarter. 2. Calculate the expected cash collections, by month and in total, for the third quarter. 3. Caiculate the estimated quantity of beach umbrellas that need to be produced in July. August, Septepber, and October. 4. Calculate the quantity of Gilden (in feet that needs to be purchased by month and in total, for the thirt quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. Sales for June totaled $504,000 c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of June. d. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to 50% of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be: June 30 91,550 feet Septenber 30 e. Giden costs $0.60 per foot One-half of a month's purchases of Gilden is paid for in the month of purchase; the remainder is poid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $49,290. Required: 1. Calculate the estimated sales, by month and in total, for the third quarter. 2. Caiculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beoch umbrelias that need to be produced in July, August, Septembec, and October. 4. Calculate the quantify of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter: 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. Complete this question by entering your answers in the tabs below. 4. Calcuiate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter. c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of June. d. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be equal to 50% of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be: e. Gilden costs $0.60 per foot. One-half of a month's purchases of Gilden is paid for in the month of purchase; the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $49,290. Required: 1. Calculate the estimated sales, by month and in total, for the third quarter. 2. Calculate the expected cash collections, by month and in total, for the third quarter. 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October. 4. Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quartec. 6. Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter: Complete this question by entering your answers in the tabs below