XYZ Corporation makes one product called DoubleFours. The company provided the following information to help prepare the master budget for the next four months of operations:

• The budgeted selling price per unit is $100. Budgeted unit sales for April, May, June, and July are 8,000, 10,000, 12,000, and 15,000 units, respectively. All sales are on credit.
• Regarding credit sales, 40% are collected in the month of the sale and 60% in the following month.
• The ending finished goods inventory equals 30% of the following month's sales.

Required:

a. What are the budgeted sales for May?

b. What are the expected cash collections for May?

c. What is the budgeted accounts receivable balance at the end of May?

d. According to the production budget, how many units should be produced in May?

e. How many units will be needed for the finished goods inventory at the end of May?