(Sales, Prodertien, nod Direct Materials Bederts) b. All sales are en acceunt (AR oot cash). Sales are collectod in the following pattern. 30 in the month of sale 65 in the month following sale 5% uncollectible Sales for June totalcd $300,000 C. The company maintains finished goods inventories equal to 15% of the following moath's sales. This requirement will be met at the end of Jume. d. Each beach umbella requires 4 feet of Gildes, a material that is senctimes hard so acquire: Therefore, the company requires that the ending inventory of Giden be equal to 50% of the following month's production needs. The invenlory of Gilden oe band at the beginning. and end of the quarter will be: e. Gilden costs 50.80 per foot. One-half of a montb's parchases of Gildes is paid for in the month of purehase (50%), the remainder is paid for in the following moeth ( 50% ). The accounts payable on July 1 for perchases of Gildea during Jase =ill be $76,000. Required: 1. Caleulate the estimated sales, by month and in total, for the thind quarter