Vaughan Company makes AMAZING SUPER DUPER Widgets. Management is now preparing detailed budgets for the third quarter, July through September, and has assembled the following information to assist in budget preparation: Sales Budget The marketing department has estimated sales as follows for the remainder of the year: (Actual sales in June were 4,000 units) 5,000 October August 10,000 November September 12,000 December July 4,000 6,000 8,000 The selling price of a SUPER DUPER widget is $40 and all sales are on account. Based on past experience, sales are collected in the following pattern: 30% in the month of sale 65% in month following the sale 5% are never collected (uncollectible) Vaughan Company Sales Budget 3rd Quarter July August September Total 3rd Quarter Sales in Units Selling Price per Unit Total Sales in $ Cash Collections June's Cash Collections July's Cash Collections August's Cash Collections September's Cash Collections Total Cash Collections