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): July August September 42,500 October 95,000 November 54,000 December 32,500 19,000 19,500 nces The selling price of the beach umbrellas is $10 per unit b. All sales are on account. Based on past experience, sales are collected in the following pattern: Box in the month of sale 65% in the month following sale 5% uncollectible Sales for June totaled $440,000 c. 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. nt Req 1 Req 2 Reg 3 Reg 4 and 5 Reg 6 ences Calculate the expected cash collections, by month and in total, for the third quarter. July August September Quarter Total cash collections Reg 1 Reg 2 Req 3 Req 6 Req 4 and 5 Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, July August September October Required production in units Reg 1 Reg 2 Reg 3 Reg 4 and 5 Reg 6 Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter. 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.) July August September Quarter Total units of raw materials to be purchased Cost of raw materials to be purchased & Req3 Req6 > Reg 1 Reg 2 Reg 3 Req 4 and 5 Req6 ces Calculate the expected cash disbursements for raw material (Gilden) purchases, by month and in total, for the third quarter. July August September Quarter Total cash disbursements