The marketing department of graber corporation has submitted the following sales forecast for the upcoming fiscal year. 1st quarter 2nd quarter 3rd quarter 4th quarter budgeted unit sales 14,000 13,000 12,000 13,000 the selling price of the company’s product is $23.00 per unit. management expects to collect 70% of sales in the quarter in which the sales are made, 20% in the following quarter, and 10% 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 $67,000. the company expects to start the first quarter with 2,800 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 3,000 units. 

required: 

1a. compute the company’s total sales. 

1b. complete the schedule of expected cash collections. (do not round intermediate calculations.) 

2. prepare the company’s production budget for the upcoming fiscal year.