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The forecasted sales pertain to Maddie, Inc.: Fiscal Period Sales Quarter 1 $400,000 Quarter 2 500,000 Quarter 3 300,000 Quarter 4 200,000 Quarter 1 of

The forecasted sales pertain to Maddie, Inc.:

Fiscal Period Sales
Quarter 1 $400,000
Quarter 2 500,000
Quarter 3 300,000
Quarter 4 200,000
Quarter 1 of next year 900,000

Collection pattern: 60 percent in month of sale; 40 percent in month following the sale

Accounts Receivable (Beginning Quarter 1):$70,000

Number of Units in Finished Goods Inventory (Beginning Quarter 1): 4,000

All company sales are for $20 per unit. The company plans to maintain ending inventories equal to 20 percent of the next quarter's sales.

How many units does Maddie expect to produce in Quarters 1 through 4? Do a production budget similar to the one found in Exhibit 9-13 in the textbook.

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