Milo Company manufactures beach umbrellas. The company is preparing budgets for the third quarter and assembled the following information:

a$.$ The Marketing Department estimated unit sales as follows for the remainder of the year:

The selling price of the beach umbrellas is $\backslash (\backslash$$ $13\backslash )$ per unit.

b$.$ All sales are on account. Based on past experience, sales are collected in the following pattern:

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$30\%$ in the month of sale

$65\%$ in the month following sale

$5\%$ uncollectible

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Sales for June totaled $\backslash (\backslash$$ $533,000\backslash ).$

c$.$ The company maintains finished goods inventories equal to $\backslash (15\backslash \%\backslash )$ of the following month's sales. This requirement will be met at the end of June.

d$.$ Each beach umbrella requires $4$ feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires ending inventory of Gilden equal to $50\backslash \%$ of the following month's production needs. The inventory of Gilden on hand at the beginning and end of the quarter will be:

June $30$

September $30$

$97,300$ feet

$?$ feet

e$.$ Gilden costs $\backslash (\backslash$$ $0\mathrm{.}60\backslash )$ per foot. One$-$half of a month's purchases of Gilden is paid for in the month of purchase; the remainder is paid for in the following month. The accounts payable on July $1$ for purchases of Gilden during June will be $\backslash$$$53,790.$

Required:

$1.$ Calculate the estimated sales, by month and in total, for the third quarter.

$2.$ Calculate the expected cash collections, by month and in total, for the third quarter.

$3.$ Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October.

$4.$ Calculate the quantity of Gilden $($in feet$)$ that needs to be purchased by month and in total, for the third quarter.

$5.$ Calculate the cost of the raw material $($Gilden$)$ purchases by month and in total, for the third quarter.

$6.$ Calculate the expected cash disbursements for raw material $($Gilden$)$ purchases, by month and in total, for the third quarter.