Waterways Continuing Problem 21 (Part Level Submission) Waterways Corporation is preparing Its budget for the coming year, 2017. The first step s to plan for the first quarter of that coming year. waterways gathered the following Information from the managers. 112,500 102,100 Unit sa es for November 2016 Unit sales for December 2016 Expected unit sales for January 2017 113,000 Expected unit sales for February 2017 112,500 Expected unit sales for March 2017116,000 Expected unit sales for April 2017 Expected unit sales for May 2017 Unit selling price 125,000 137,500 $12 % o the next month's unit sales in en g Inventory. Al sales are on a count. 859 o the Accounts Receivable are collected in he o sale, and 15% u the Accounts Recevable are collected in the month a er sale. Accounts ecervableo December 31 wate ways likes to keep 1 2016, totaled $183,780 ont Direct Materials Item Amount Used per Unit Inventory, Dec. 31 5,177.5 lbs 3,893.125 Ibs 1,294.375 Ibs 12oz @ 6per oz Metal, plastic, and rubber together are 75t per pcund per unit. waterways likes to keep S o the materials ee ed or e next month in its ending inventory Payment or materials is de within 15 days. 50%paid In the m onth o purchase and SO% Daid in the month a ter purchase. Accounts ayable on December 31 2016 otaled