PROBLEM 9-11 Integration of Sales, Production, and Direct Materials Budgets [LO2] Crydon Inc. manufactures an advanced swim fin for scuba divers. Management is now preparing detailed budgets for the third quarter, July through September, and has assembled the following information to assist in preparing the budget: a. The Marketing Department has estimated sales as follows for the remainder of the year (in pairs of swim fins): 5000 4000 The selling price of the swim fins is $50 per pair. b. All sales are on account. Based on past experience, sales are expected to be collected in the following pattern: 40%inthe month of sale 9%inthe month folie sale 0% ucolectble The beginning accounts receivable balance (excluding uncollectible amounts) on July 1 will be $130,000. C. The company maintains finished goods inventories equal to 10% of the following month's sales. The inventory of finished goods on July 1 will be 600 pairs