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 $14 per unit.

July	41,500	October	31,500
August	93,000	November	18,000
September	62,000	December	18,500

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

30%	in the month of sale
65%	in the month following sale
5%	uncollectible

Sales for June totaled $588,000.

c.	The company maintains finished goods inventories equal to 15% of the following month