Problem I g forecasts of monthly sales: Sales (in Units) uly August September October 4,500 5,300 4,000 3,700 Pantheon equal 25% of the next month's sales. The budgeted cost per unit is$30. (1) How many units should be in July's beginning inventory? (2) What amount should be budgeted for the cost of merchandise purchases in Jaly? has decided that the number of units in its inventory at the end of each month should (3) How many units should be purchased in September? Pro blem IIT $88,000, and S72,000, respectively. Seventy percent of sales are on credit. The collects 60% of its credit sales in the month following sale, 35% in the second month . following sale, and 5% is not collected. Wha related to all current and past sales? The Lamb Company budgeted sales for January, February, and March of $96,000, company are Lamb's expected cash receipts for March