Waterways for Chapter 9 (WCP-9) Fall Waterways Corporation is preparing its budget for the coming year. The first step is to plan for the first quarter of that coming year. Waterways gathered the following information from the managers. Sales: Actual unit sates for November 112,500 Actual unit sales for December Expected unit sales for January Expected unit sales for February112,500 Expected unit sales for March Expected unit sales for April Expected unit sales for May Unit selling price 102,100 February 1113,0 116,000 125,000 137.500 $12 waterwayswants to keep 10% of the next month's unit sales in ending inventory. All sales are on account 85% of the Accounts Receivable are collected in the month of sale and 15% of the Accounts Receivable are collected in the month after sale. Accounts receivable orn December 31 totaled 183,780. Direct Materials The product uses metal, plastic, and rubber. In total, each unit requires 2 pounds of material at an average cost of 0.75 per pound. Prist Layout Views Sec 1 Pages:1 of 2 0 of 529 150% MacBook Air 20 FI F2 O0D FA FS F7