*practice check points*

Company Information Bradford Beach Inc. makes beach umbrellas. The marketing department estimates unit sales for the remainder of the year as follows: July August September 30.000 70,000 50,000 November December January of the following year February of following year 10,000 10,000 20,000 October 20,000 10,000 Required 1. Prepare a schedule of sales and expected cash collections 2. Prepare a material purchases budget showing material purchased and payments for the material 3. Prepare a production budget 4. Prepare a schedule of labor costs showing labor required and payment of labor 5. Prepare a Cash budget: 6. Show year end amounts for: a. Raw material inventory b. Finished goods inventory c. Interest paid d. Cash balance 7. Total amount of bad debts Total sales July - December $2,280,000 Not Collected July - December $114,000 Units to make July - December 188,500 Feet of material purchased July 206,000 Cost of material August $180,000 Ending cash balance July $584,600 Ending cash balance September $8,000