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

	1stQuarter	2ndQuarter	3rdQuarter	4thQuarter
Budgeted unit sales	13,000	13,000	15,000	15,000

The selling price of the company's product is $18 per unit. Management expects to collect 62% of sales in the quarter in which the sales are made, 29% in the following quarter, and 9% 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 $61,200.

The company expects to start the first quarter with 1,550 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 15% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1,870 units.

Requirement 1:
(a)	Prepare the company's sales budget.(Omit the "$" sign in your response.)

	1stQuarter	2ndQuarter	3rdQuarter	4thQuarter	Year
Total sales	$	$	$	$	$

(b)	Prepare the schedule of expected cash collections.(Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

Jessi Corporation Schedule of Expected Cash Collections
	1stQuarter	2ndQuarter	3rdQuarter	4thQuarter	Year
Accounts receivable, beginning balance	$	$	$	$	$
1stQuarter sales
2ndQuarter sales
3rdQuarter sales
4thQuarter sales
Total cash collections	$	$	$	$	$

Requirement 2:

Prepare the company's production budget for the upcoming fiscal year.(Input all amounts as positive values.)

Jessi Corporation Production Budget
	1stQuarter	2ndQuarter	3rdQuarter	4thQuarter	Year
Budgeted unit sales
Add desired ending inventory
Total units needed
Less beginning inventory
Required production