Multiple Choice Question 97 Sunland Company budgets on an annual basis for its fiscal year. The following beginning and ending inventory levels are planned for the fiscal year of July 1, 2016 to June 30, 2017: June 30, 2017 June 30, 2016 Raw Materials 2000 kilos 3000 kilos Three kilos of raw materials are needed to produce each unit of finished product. If Sunland Company plans to produce 500000 units during the 2016-2017 fiscal year, how many kilos of materials will the company need to purchase for its production during the year? 1497000 1504000 1500000 1499000 Click if you would like to Show Work for this question: Open Show Work Multiple Choice Question 106 Marigold Corp. estimates its sales at 240000 units in the first quarter and that sales will increase by 15000 units each quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $35. 40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in the quarter following sale. Cash collections for the third quarter are budgeted at $5386500. O $7749000. $9355500. O $10773000. Click if you would like to Show Work for this question: Open Show Work