Milo Company menufactures besch umbrellas. The company is preparing budgets for the third quarter and sasembled the following

information:

a$.$ The Marketing Department estimsted unit soles as follows for the remainder of the year:

The selling price of the besch umbrellss is $$14$ per unit.

b$.$ All soles are on account. Bosed on post experience, soles are collected in the following pattern:

$3$ in the month of sale

$65\%$ in the nonth following sale

$5\%$ uncollectible

Sales for June totaled $$588,000.$

c$.$ The compsny maintsins finished goods inventories equal to $15\%$ of the following month's sales. This requirement will be met at the

end of June.

d$.$ Esch besch umbrello requires $4$ feet of Gilden, $8$ material that is sometimes hard to scquire. Therefore, the compony requires

ending inventory of Gilden 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:

June $30$

Scptenber $3B$

$93,458$ fect

$?$ fect

e$.$ Gilden costs $$0\mathrm{.}80$ per foot. One$-$half of a month's purchases of Gilden is paid for in the month of purchose; the remsinder is psid

for in the following month. The accounts poysble on July $1$ for purchsses of Gilden during June will be $$72,920.$

Requlred:

Calculste the estimsted 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.

Calculste the estimsted quantity of beach umbrellos that need to be produced in July, August, September, and October.

Calculste the quantity of Gilden $($in feet$)$ that needs to be purchssed by month and in totsl, for the third quarter.

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

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

Complete this question by entering your answers in the tabs below.

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