The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account Budgeted unit sales 1st 2nd 3rd 4th Quarter Quarter Quarter Quarter 13,900 15,900 14,900 12,900 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: 1 Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. 2. Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. 3. Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a Complete this question by entering your answers in the tabs below. Required Required Required 2 Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. 1st Quarter 2nd 3rd Quarter Quarter 4th Quarter Year Total sales Required 1 Required 2 > The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account Budgeted unit sales 1st 2nd 3rd 4th Quarter Quarter Quarter Quarter 13,900 15,900 14,900 12,900 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: 1. Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. 2. Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. 3. 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 Required Required 2 Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. 1st Quarter 2nd Quarter 4th 3rd Quarter Quarter Year Total cash collections Required 1 Required 3> The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): Budgeted unit sales 1st 2nd 3rd 4th Quarter Quarter Quarter Quarter 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: 1. Calculate the estimated sales for each quarter of the fiscal year and for the year as a whole. 2. Calculate the expected cash collections for each quarter of the fiscal year and for the year as a whole. 3. 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 Required Required 1 Calculate the required production in units of finished goods for each quarter of the fiscal year and for the year as a whole. 1st 2nd Quarter Quarter 3rd 4th Quarter Quarter Year Required production in units < Required 2 Required 3 >