milo company manufactures beach umbrellas

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) The selling price of the beach umbrellas is $15 per unit July 26,000 82,000 November 12,500 September 51,000 December 13,000 36,000 October b. All sales are on account. Based on past experience, sales are collected in the following pattern 300% In the month of sale 69% in the month following sale 5% uncollectible Sales for June totaled $465,000 c. The company maintains finished goods inventones equal to 15% of the foloeng month's sales. This d. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, requirement will be met at the end of June the company requres that the ending inventory of Glden be equal to 50% of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be 85,800 feet June 30 September 30 ? feet