Question 1 of 1 View Policies Show Attempt History Current Attempt in Progress Waterways Corporation is preparing its budget for the coming year, 2022. The first step is to plan for the first quarter of that coming year. The company has gathered information from its managers in preparation of the budgeting process Sales Unit sales for November 2021 112.500 Unit sales for December 2021 102.100 Expected unit sales for January 2022 113,000 Expected unit sales for February 2022 112.500 Expected unit sales for March 2022 116.000 Expected unit sales for April 2022 125.000 Expected unit sales for May 20221 Unit selling price 137,500 $12 Waterways likes to keep 10% of the next month's unit sales in ending inventory. All sales are on account. 85% of the Accounts Receivable are collected in the month of sale, and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable on December 31, 2021. totaled $183,780 Direct Materials Direct materials cost 25 cents per nound. Two pounds of dicect materials are required to produce each unit