The marketing department of Jessi Corporation submitted the following sales forecast for next year $($all sales are on accounty

Budgeted unit sales

$15t$ Quarter

$2$nd Quarter

$3$nd Quarter

$4$ th Cuarter

$11,200$

$12,200$

$14,260$

$13,200$

The selling price of the company's product is $$11$ per unit. Managenient expects to collect $65\%$ of sales in the quarter in which the sales are made and $30\%$ in the following quarter, $5\%$ of sales are expected to be uncollectible. The beginning balance of accounts recelvable, all of which is expected to be collected in the first quarter, is $$70,600.$

The company expects to stant 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 quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is $1,880$ units.

Required:

Calculate the estimated sales for each quarter and for the year as a whole.

$2$ Calculate the expected cash collections for each quarter and for the year as a whole.

Calculate the required production in units of finished goods for each quarter and for the year as a whole.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Calculate the cstimated sales for each quarter and for the year as a whole.

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