$\backslash$table$[[,1$st Quarter,$2$nd Quarter,$3$rd Quder,$],[$Budgeted unit sales,$12,900,13,900,15,900,14,900]]$

The selling price of the company's product is $$28$ per unit. Management expects to collect $75\%$ of sales in the quarter in which the sales are made, $20\%$ in the following quarter, and $5\%$ of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $$74,000.$

The company expects to start the first quarter with $2,580$ units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to $20\%$ of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is $2,780$ units.

Required:

Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole.

Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole.

Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Required $3$

Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole.

$\backslash$table$[[,1$st Quarter,$2$nd Quarter,$3$rd Quarter,$4$th Quarter,Year$],[$Total cash collections,,,,,$]]$

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