The marketing department of Kyle Corporation has submitted the following sales forecast for the upcoming fiscal year: Budgeted sales (units) 1st Quarter 9,500 2nd Quarter 11,500 Required: 1-a. Prepare the company's sales budget. Total sales The selling price of the company's product is $35 per unit. Management expects to collect 65% of sales in the quarter in which th sales are made and 30% in the following quarter; 5% of sales are expected to be uncollectible. The beginning balance of account receivable, all of which are expected to be collected in the first quarter, is $95,500. 3rd Quarter 13,500 The company expects to start the first quarter with 2,750 units in finished goods inventory. Management desires an ending finishe goods inventory in each quarter equal to 15% of the next quarter's budgeted sales. The desired ending finished goods inventory f the fourth quarter is 3,000 units. Kyle Corporation Sales Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 12,500 4th Quarter Year

The marketing department of Kyle Corporation has submitted the following sales forecast for the upcoming fiscal year: The selling price of the company's product is $35 per unit. Management expects to collect 65% of sales in the quarter in which sales are made and 30% in the following quarter, 5% of sales are expected to be uncollectible. The beginning balance of accoun recelvable, all of which are expected to be collected in the first quarter, is $95,500 The company expects to start the first quarter with 2,750 units in finished goods inventory Management desires an ending finish goods inventory in each quarter equal to 15% of the next quarter's budgeted sales. The desired ending finished goods inventory the fourth quarter is 3,000 units. Required: 1-a. Prepare the company's sales budget