please help. chapt. 8 Q3

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 40,500 October 30.500 91,003 November 17,000 60.000 December 17.500 The selling price of the beach umbrellas is 512 per unit 6 All sales are on account. Based on past experience, sales are collected in the following pattern sex in the month of sale 65% in the month following sale Suncollectible Sales for June totaled $480.000 end of June c. The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the a. Each beach umbrella requires 4 feet of Gilden, a material that is sometimes hard to acquire. Therefore, the company requires that the ending inventory of Gilden be 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 September 30 96,150 feet ? feet e Gilden costs $0 60 per foot. One half of a month's purchases of Gilden is paid for the month of purchase the remainder is paid for in the following month. The accounts payable on July 1 for purchases of Gilden during June will be $52,890 Required: 1. Calculate the estimated 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 3. Calculate the estimated quantity of beach umbrellas that need to be produced in July August September, and October 4 Calculate the quantity of Gilden (in feet) that needs to be purchased by month and in total, for the third quarter 5. Calculate the cost of the raw material (Gilden) purchases by month and in total, for the third quarter 6. 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. Reg 1 Reg 2 Reg 3 Req 4 and 5 Reg 6 Calculate the estimated sales, by month and in total, for the third quarter. July 486,000 August September Quarter $ 1,092, 000 $ 720,000 5 2 298,000 Budgeted sales Complete this question by entering your answers in the tabs below. Reg 1 kea 2 Reg 3 Req 4 and 5 Reg 6 Calculate the expected cash collections, by month and in total, for the third quarter July August September Quarter Total cash collections Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Req 4 and 5 Reg 6 Calculate the estimated quantity of beach umbrellas that need to be produced in July, August, September, and October July August September October Required production in units Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Req 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 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Req 4 and 5 Reg 6 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