Seasonal Products Corporation expects the following monthly sales: January $20,000, February 15000, March 5000, April 3000, May 1000, June 3000, July 10000, August 14000, September 20000, October 25000, November 30000,December 22000 Total sales $168,000. Sales are 20 percent for cash in a given month, with the remainder going into accounts receivable. All 80 percent of the credit sales are collected in the month following the sale. Seasonal Products sales all of its goods for $2.00 each and produces them for $1.00 each. Seasonal Products uses level production, and average monthly production is equal to annual production divided by 12. a) Generate a monthly production and inventory schedule in units. The beginning inventory in January is 5000 units. (Note: To do part a, you should work in terms of units of sales.) b) Determine a cash receipts schedule for January through December. Assume dollar sales in the prior December were $15,000 Work using dollars. c) Determine a cash payments schedule for January through December. The production costs (S1 per unit produced) are paid for in the month in which they occur. Other cash payments, besides those for production costs, ate $6,000 per month.

Seasonal Products Corporation expects the following monthly sales: January $20,000, February 15000 , March $000, April 3000 , May 1000, June 3000 , July 10000 , August 14000 , September 20000 , October 25000 , November 30000 ,December 22000 Total sales $168,000 Sales are 20 percent for cash in a given month, with the remainder going intp accounts receivable. All 80 percent of the credit sales are collected in the month following the sale. Seasonal Products sales all of its goods for $2.00 each and produces them for $1.00 each. Seasonal Products uses level production, and average monthly production is equal to annual production divided by 12. a) Generate a monthly production and inventory schedule in units. The beginning inventory in January is 5000 units. (Note: To do part a, you should work in terms of units of sales.) b) Determine a cash receipts schedule for January through December. Assume dollar sales in the prior December were $15,000 work using dollars. c) Determine a cash payments schedule for January through December. The production costs (SI per unit produced) are paid for in the month in which they occur. Other cash d) Construct a cash budget for January through December. The beginning cash balance is $1000, and that's also the required. Using your calculation, answer the following multiple questions: 1- What is the amount of Ending inventory in January 2- What is the amount of Beginning Inventory in December a. 8,000 b. 10,000 c. 90,000 d. 9,000 e. 80,000 3-Total receipts in January a. $15,000 b. $14,000 c. $18,000 d. $16,000 e. $17,000 4- Total receipts in May a. $2,500 b. $2,900 c. $2,600 d. $2,700 e. $2,800 5- Total payments in March a. $1,400 b. $14,000 c. $1,500 d. $15,000 e. $1,300 f. $13,000 6- Cumulative loan in July a. $50,000 b. $30,000 c. $55,000 d. $45,000 e. $35000