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 remalnder of the year (in units): 21,000 7,500 8,000 31,000 72,ee8 41,000 October July August September November December The selling price of the beach umbrellas is $11 per unit b. All sales are on account. Based on past experience, sales are collected In the following pattern: 38% in the month of sale 65% in the month following sale 5% uncollectible Calculate the estimated sales, by month and in total, for the third quarter. Quarter August September July Budgeted sales Calculate the expected cash collections, by month and in total, for the third quarter. July August September Quarter Total cash collections Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October. September August October July Required production in units 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. (Round your Unit cost of raw materials to 2 decimal places.) August July September Quarter Total units of raw materials to be purchased Cost of raw materials to be purchased Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter Quarter September July August Total cash disbursements