need answers as soon as possible

need company's production budget for the upcoming fiscal year

The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year. 1st Quarter 3,500 Budgeted sales (units) 2nd Quarter 10,600 3rd Quarter 12,600 4th Quarter 11,600 The selling price of the company's product is $26 per unit. Management expects to collect 65% of sales in the quarter in which the sales are made and 30% in the following quarter 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which are expected to be collected in the first quarter, is $86.500. The company expects to start the first quarter with 2,300 units in finished goods inventory Management desires an ending finished goods inventory in each quarter equal to 15% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2,550 units Required: 1. Prepare the company's sales budget JESSI CORPORATION Sales Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year $ 223.600 5 275.6001 s 327 600 s 301.600 $ 1.128.400 Total sales 2. Prepare the company's production budget for the upcoming fiscal year. JESSI CORPORATION Production Budget 1st Quarter 2nd Quarter 3rd Quarter 8600 10.600 12,600 4th Quarter 11,600 2550 Year 43.400 Budgeted sales (units) Add: Desired ending inventory Total units needed Deduct Beginning inventory Required production