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:

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$*$ The Marketing Department has estimated sales as follows for the remainder of the year $($in units$)$:

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July $36,000$ October $26,000$

August $82,000$ November $12,500$

September $51,000$ December $13,000$

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The selling price of the beach umbrellas is $$15$ per unit.

$*$ 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 $$465,000.$

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

$*$ Each beach umbrella requires $4$ feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden 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:

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June $3085,800$ feet

September $30?$ feet

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$*$ Gilden costs $$0\mathrm{.}60$ per foot. One$-$half of a month$$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 $$44,790.$

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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.