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Question 5 Part A Lubriderm Corporation has the following budgeted sales for the next six-month period Month July August September October November Unit Sales 90.000

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Question 5 Part A Lubriderm Corporation has the following budgeted sales for the next six-month period Month July August September October November Unit Sales 90.000 120.000 210.000 150.000 180.000 120.000 There were 30,000 units of finished goods in inventory at the beginning of June. Plans are to have an inventory of finished products that equal 20% of the unit sales for the ned moet Required: a. Prepare production budgets in units for July, August, and September (12 marks) Part B The following information pertains to Amigo Corporation: Month July August September October Sales $30,000 34,000 38.000 42.000 November December 48.000 60.000 Cash is collected from customers in the following manner Month of sale (2% cash discount 30% Month following sale 50% Two months following sale 15% Amount uncollectible Required: a. Prepare a summary of cash collections for the October, November, and December (8 marks)

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