prepare the company's sales budget and schedule of expected cash allocations.

prepare the companies production budget for the upcoming fiscal year.

The marketing department of Bongo Mfg, Inc. has submitted the following sales forecast for the upcoming fiscal year: First Quarter Third Quarter Fourth Quarter Second Quarter Budgeted Unit 15,000 16,000 12,000 15,000 Sales The selling price of the company's product is $25.00 per unit. Management expects to colles130 of each uarter's sales in cash All sales are sold on account (credit sales. Management expects to collect 75% of credit sales in the quarter in which sales are made, 20% in the following quarter, and 5% 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 $66.000 The company expects to start the first quarter with 3.000 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2,400 units. 9) Prepare the company's sales budget and schedule of expected cash collections 10) Prepare the company's production budget for the upcoming fiscal year