Magnolia Interior d$$cor Industries manufactures wooden dining chairs. The selling price of the wooden dining chairs is $$15$ per unit. The company is preparing detailed budgets for the third quarter $($Third quarter includes July, August and September$)$ and fourth quarter $($Fourth quarter includes October, November and December$)$ and has assembled the following information to assist in the budget preparation $($see below tables$).$ Sales for June totaled $$2,000.$ 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. Calculate the estimated quantity of wooden dining chairs that need to be produced in July.

Estimated unit sales for the next several month

$\backslash$table$[[$Month$,$Units$],[$July$,100],[$August$,200],[$September$,300],[$October$,200],[$November$,200],[$December$,300]]$

All sales are on account $($i$.$e$.,$ on credit$).$ These sales on account are usually collected in the following pattern:

$65\%$

in the month following sale

$5\%$

Uncollectible

$130$

Correct Answer: $115$

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