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

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The marketing department of Jessie Corporation has submitted the following sales forecast for the upcoming fiscal year (all sales are on account): The selling price of the company's product is $25 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 $73, 400. The company expects to start the first quarter with 2, 520 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, 720 units. Complete the company's sales budget

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