In addition to sales volume, many other specifics are required in order to complete the company's operating budgets. Key details associated with prices, costs, and usage are as follows. - Budgeted selling price is $500 per mantel. Each mantel measures 3 inches 12 inches 4 feet. - Target ending inventory of finished mantels is 20% of next month's budgeted sales. However, beginning inventory on January 1 is expected to be only 39 units. - Target ending DM inventory (rough-cut cedar) is 50% of next month's production needs. - DL to sand, stain, and treat the rough-cut cedar costs $20 per hour. Each mantel requires one hour of labor time. - Beginning finished goods inventory was held at a cost of $270 /unit from the prior year. (a1) Prepare the Sales forecast (and corresponding schedule of cash receipts) for Waterway Corp. Prepare the Sales forecast (and correspondi) Collections from December 31A/R Belance Collections from February Sales Collections from January Sales Coilections frem March Sates Total Cash Recelpts Seve for toter