-TUDIEN OSU meyidLIVIT UT LITE de, rivUULLIUI, ITU LIELL MIGLI Duuyen [LUO-2, LUO-3, LUOJ Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation: a. The Marketing Department has estimated sales as follows for the remainder of the year (in units): July 36,000 August 82,000 September 51,000 October 26,000 November 12,500 December 13,000 The selling price of the beach umbrellas is $15 per unit. b. All sales are on account. Based on past experience, sales are collected in the following pattern 30% in the month of sale 65% in the month following sale 5% uncollectible Sales for June totaled $465,000. -TUDIEN OSU meyidLIVIT UT LITE de, rivUULLIUI, ITU LIELL MIGLI Duuyen [LUO-2, LUO-3, LUOJ Milo Company manufactures beach umbrellas. The company is preparing detailed budgets for the third quarter and has assembled the following information to assist in the budget preparation: a. The Marketing Department has estimated sales as follows for the remainder of the year (in units): July 36,000 August 82,000 September 51,000 October 26,000 November 12,500 December 13,000 The selling price of the beach umbrellas is $15 per unit. b. All sales are on account. Based on past experience, sales are collected in the following pattern 30% in the month of sale 65% in the month following sale 5% uncollectible Sales for June totaled $465,000