Managerial accounting question

The marketing department of Jessi llowing sales to fiscal year (all sale account): Ist Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 12, 300 13 , 300 15 , 300 14, 300 The selling price of the company's product is $22 per unit. Management expects to collect 75% of sales in the quarter in which the sales are made, 20% in the following quarter, and 5% of sales are expected to be uncollectible. The beginning balance of accounts eceivable, all of which is expected to be collected in the first quarter, is $72,800. The company expects to start the first quarter with 2,460 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2,660 units. Required: 1. Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. . Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. 3. Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. 1st Quarter 2nd Quarter |3rd Quarter 4th Quarter Year Total sales Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Total cash collections Required 1 Required 3 Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole. 1st Quarter 2nd Quarter | 3rd Quarter |4th Quarter Year Required production in units Required 2 Required 3