The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account):

	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter
Budgeted unit sales	11,200	12,200	14,200	13,200

The selling price of the companys product is $11 per unit. Management expects to collect 65% of sales in the quarter in which the sales are made, 30% 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 $70,600.

The company expects to start the first quarter with 1,680 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 15% of the next quarters budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1,880 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.

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. \begin{tabular}{|l|l|l|l|l|l|} \hline Assessment Tool iFrame & 1st Quarter & 2nd Quarter & 3rd Quarter & 4th Quarter & Year \\ \hline Total cash collections & & & & & \\ \hline \end{tabular} Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole. \begin{tabular}{|l|l|l|l|l|l|} \hline & 1st Quarter & 2nd Quarter & 3rd Quarter & 4th Quarter & Year \\ \hline Required production in units & & & & & \\ \hline \end{tabular}