Osprey Corp. manufactures and sells a widget that has peak sales in the third quarter. The following information concerns operations for $2022-$ the coming year $-$ and the first two quarters of $2023.$

Osprey's sells widgets for $$10$ each. Budgeted unit sales for the next six quarters are as follows $($all sales are on credit$)$:

Year $2022$ Quarter Year $2023$ Quarter

$123412$

Budgeted unit sales $40,00050,000100,00060,00050,00040,000$

$80\%$ of the receipts due from sales is collected in the quarter the sales were made and the remaining $20\%$ is collected in the following quarter. On $12/31/21$ the company's balance sheet showed $$50,000$ in accounts receivable, all of which will be collected in the first quarter of $2022.$

The company desires an ending finished goods inventory at the end of each quarter equal to $20\%$ of the budgeted unit sales for the next quarter. On $12/31/21,$ the company had $8,000$ widgets on hand.

Six pounds of raw materials are required per widget. The company requires ending raw materials inventory at the end of each quarter equal to $20\%$ of the following quarter's production needs. On $12/31/21$ Osprey had $50,400$ pounds of raw materials on hand.

The raw materials costs $$0\mathrm{.}50$ per pound. Raw materials are paid for in the following pattern: $70\%$ in the quarter the purchases are made, and the remaining $30\%$ paid in the following quarter. On $12/31/21$ Osprey's balance sheet showed $$70,000$ in accounts payable for raw materials purchases, all of which will be paid in the first quarter of $2022.$

Question $1-3$ are correct I can't get $4-6$

Flag question: Spacer

You will need to prepare a Schedule of Expected Cash collections to find the answers to Questions $1$ through $3.$

Flag question: Question $1$

Question $11\mathrm{.}5$ pts

What are Osprey's expected cash collections in the $1$st quarter of $2022?$

$370,000$

Flag question: Question $2$

Question $22$ pts

What are Osprey's expected cash collections in the $4$th quarter of $2022?$

$680,000$

Flag question: Question $3$

Question $31\mathrm{.}5$ pts

How much of the $4$th quarter $2022$ sales will be collected in the $4$th quarter of $2022?$

$200,000$

Flag question: Spacer

You will need to prepare a Production Budget to answer question $4.$

Flag question: Question $4$

Question $41\mathrm{.}5$ pts

How many widgets need to be produced in the $3$rd quarter of $2022?$

Flag question: Spacer

You will need to prepare a Direct Materials Budget to answer question $5.$

Flag question: Question $5$

Question $51\mathrm{.}5$ pts

How many pounds of materials will need to be purchased in the $1$st quarter of $2022?$

Flag question: Spacer

You will need to prepare a Schedule of Expected Cash Payments for materials to answer question $6.$

Flag question: Question $6$

Question $62$ pts

What are the expected cash disbursements for materials in the $2$nd quarter of $2022?$