Help Milo Company manufactures beach umbrellas. 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 (in units): July August7 September 48,000 December 11,500 34,500 October 24,500 79,000 ovember 11,000 The selling price of the beach umbrellas is $12 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 5t uncollectibie Sales for June totaied $336,000. The company maintains finished goods inventories equal to 15% of the foll end of June. lowing month's sales. This requirement will be met at the d. Each beach umbreila requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that th's production needs. The inventory of Gilden on hand at the the ending inventory of Gilden be ecual to 50% of the following mon beginning and end of the quarter will be Prex 80, 9 Next >