Production Budget Weightless Inc. produces a small and large version of its popular electronic scale. The anticipated unit sales for the scales by sales region are as follows: Bath Gym Scale Scale East Region unit sales 24,700 36,600 West Region unit sales 26,700 28,000 Total 51,400 64,600 The finished goods inventory estimated for October 1 for the Bath and Gym scale models is 1,600 and 2,400 units, respectively. The desired finished goods inventory for October 31 for the Bath and Gym scale models is 1,200 and 2,600 units, respectively. Prepare a production budget for the Bath and Gym scales for the month ended October 31. WEIGHTLESS INC. Production Budget For the Month Ending October 31 Units Units Bath Gym Scale Scale Expected units to be sold Total units required D) Total units to be produced Schedule of Cash Collections of Accounts Receivable Furry Friends Supplies Inc., a pet wholesale supplier, was organized on May 1. Projected sales for each of the first three months of operations are as follows: May $380,000 June 420,000 July 630,000 All sales are on account. 54 percent of sales are expected to be collected in the month of the sale, 34% in the month following the sale, and the remainder in the second month following the sale. Prepare a schedule indicating cash collections from sales for May, June, and July. Furry Friends Supplies Inc. Schedule of Collections from Sales For the Three Months Ending May 31 May June July May sales on account: Collected in May 205,200 Collected in June 129,200 Collected in July June sales on account: Collected in June 226,800 Collected in July 142,800 July sales on account: Collected in July 172 340,200 Total cash collected $ 205,200 356,000