please make production budget + materials budget

1218 The Marketing Department has estimated sales as follows for the remainder of the year (in units): July ......... August ........... September 30,000 October 70,000 November 50,000 December 20,000 10,000 10,000 The selling price of the beach umbrellas is $12 per unit. All sales are on account. Based on past experience, sales are collected in the following pattern: 30% in the month of sale 65% in the month following sale 5% uncollectible Sales for June totaled $300,000. GROUP PROJECT ACC 1103 Sec 1 Pages: 2 of 3 Words: 334 of 697 MacBook Pro The company maintains finished goods inventories equal to 15% of the following month's sales. This requirement will be met at the end of June. 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 Septembo 30 ......... 72,000 feet ? feet Gilden costs $0.80 per foot. One-half of a month's purchases of Gilden is paid for in 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 576,000