how do you solve this? may you explain how to get the desired ending inventory of fourth quarter?

Direct Materials Purchases Budget [@ LO2] Refer to the data in Exercise 9-2. Each light requires two separate LED bulbs, each of which costs $2. To ensure enough LED bulbs are on hand to support shortterm production if a problem arises with the sole supplier. Fortin Limited maintains an ending inventory of 10% of the followiug quarter's production needs. A total of 4.800 LED bulbs will be on hand to start the first quarter of the upcoming fiscal year. Reqwirnd: Prepare a direct materials purchases budget for LED bellbs, by quarter and in total, for the upcoming fiscal year. At the bottom of your budget, show the dollar amount of purchases for cach quarter aidd for the year in total. EXERCISE 9-2 Sales and Production Budget [@ LO2] Fortin Limited produces and sells a single product, a wearable LED light for runners and cyclists. The analytics group at Fortin Limited has developed the following estimates for unit sales in the upcoming yeat. The light sells for $40 per unit and all sales are on account. 75% of sales are expected to be collected in the month of sale, with the remainder in the following month. Accounts receivable at the begining of the quarter were $184.000 and will all be collected during the first quarter of the year. At the end of the previous quarter there were 2,400 units in finished goods imentory. The desired ending finished goods inventory at the end of each quarter is 10% of the next quarter's budgeted filles. Management expects sales in the fourth quarter of the upcoming year to be the same as the first quarter of the following year. Reyuired: 1. Prepare the company's sales budget and scliedule of expected cash collections. 2. Prepare the company's production budget for the upconning fiscal year