Use the following information for the next 2 questions. Matz Company expects to sell 24,000 units of finished goods over the next 6-month period. The company has 10,000 units on hand and its managers want to have 14,000 units on hand at the end of the period. To produce one unit of finished product, two units of direct materials are needed. Matz has 100,000 units of direct material on hand and has budgeted for an ending inventory of 110,000 units... 11. What is the number of finished units to be produced? a 38,000 b. 28,000 c. 20,000 d. 24,000 What is the amount of direct material to be purchased (in units)? a. 38,000 b. 46,000 c. 66,000 d. 18.000 Use the following information for the next 2 questions. Taft Corporation collects cash from customers as follows: 60% in the month of sale, 20% in the month after sale. 19% the second month after sale, and 1% is never collected Bad debts are written off annually in December. Budeted sales are all on credit and amount to: May S600,000 June 700,000 July 500,000 August 600,000 13 What is the budgeted amount of cash to be collected in July a S560.000 b 5554.000