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Help manufactures beach umbreils. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget

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Help manufactures beach umbreils. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation: a. The Marketing Department has estimated sales as follows for the remainder of the year (n units);: July August 92,000 November 17,500 September 61,000 December 18,000 41,000 october 31,000 The selling price of the beach umbrellas is $13 per unit. b. All sales are on account. Based on past experience, sales are collected in the following pattern: 30% in the month of sale 65% in the month following sale 58 uncollectible ales for June totaled $533,000 . 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. . Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acauire. Therefore, the companv requires that KPrey 2 of 2l Next>

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