pls help!!!
The marketing department of Graber Corporation has submitted the following sales forecast for the upcoming fiscal year. First Quarter Second Quarter Third Quarter Fourth Quarter Budgeted unit sales 18,000 17,000 16,000 17,000 The selling price of the company's product is $30.00 per unit. Management expects to collect 70% of sales in the quarter in which the sales are made and 20% in the following quarter, and 10% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $86,000. The company expects to start the first quarter with 5,200 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 5,400 units. Required: 1-a. Compute the company's total sales. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year $ 540,000 S 510,000 $ 480,000 $ 510,000 $ 2,040,000 Total Sales 1-b. Complete the schedule of expected cash collections. 4th Quarter Graber Corporation Schedule of Expected Cash Collections 1st Quarter 2nd Quarter 3rd Quarter $ 86,000 37,800 $ 10,800 357,000 $ 102.000 Accounts receivable, beginning balance 1st Quarter sales 2nd Quarter sales 3rd Quarter sales 4th Quarter sales $ Year 86,000 48,600 459,000 0 1-0. Complete uie Schedule or expecteu last loneLLIONS. 4th Quarter Graber Corporation Schedule of Expected Cash Collections 1st Quarter 2nd Quarter 3rd Quarter $ 86,000 37,800 $ 10,800 357,000 $ 102,000 $ Accounts receivable, beginning balance 1st Quarter sales 2nd Quarter sales 3rd Quarter sales 4th Quarter sales Total cash collections Year 86,000 48,600 459,000 0 0 593,600 123,800 $ 367,800 $ 102,000 $ 0 $ 2. Prepare the company's production budget for the upcoming fiscal year. Graber Corporation Production Budget 2nd Quarter 3rd Quarter 1st Quarter 4th Quarter Year Budgeted unit sales Total units needed 0 0 0 0 0 0 0 Required production 0 0 0