You are the cost accountant at Poseys Pet Emporium tasked with preparing quarterly budgets that determine the cash effects of the companys sales and production-related expenditures. The company uses a calendar year, and it is time to prepare the third-quarter budget. You have the following information:

1. The budgeted selling price for the year is $4.99 per unit. Sales volumes are budgeted as follows for the last month of quarter two, for all of quarter three, and for part of quarter four.

June	July	August	September	October
33,500	32,000	35,200	35,000	34,000

1. Historically, 20% of Poseys sales are cash sales. Of the remaining credit sales, 45% are collected in the month of sale, while 52% are collected the following month. The remainder is deemed uncollectible.

1. Management sets its ending finished goods inventory goal at 15% of the following months sales volume. The accounting team expects this policy will be met at the beginning of the second quarter.

1. The target ending inventory for Poseys primary direct material is 20% of the following months production needs. Each completed unit requires five pounds of direct materials at an expected cost of $0.25 per pound. The budgeted production for October is 34,000.

1. Poseys pays for 40% of its purchases in the month of purchase and 60% the month after purchase. Total budgeted purchases in June are $20,000.

1. Poseys ending cash balance on June 30 was $57,950.

1. Poseys non-production cash disbursements are estimated at $80,000 per month.

Posey's Pet Emporium
Cash Budget	July	August	September	Quarter
Beginning Cash Balance	$ 57,950.00	$ 226,809.50	[Insert formula]	[Insert formula]
Plus: Cash Receipts
Cash Sales	$ 31,936.00	$ 35,129.60	[Insert formula]	[Insert formula]
Cash Collections	$ 57,484.80	[Insert formula]	[Insert formula]	[Insert formula]
Total Cash Receipts	$ 147,370.80	[Insert formula]	[Insert formula]	[Insert formula]
Total Cash Available	$ 376,591.00	$ 567,248.00	$ 746,572.00	$ 1,690,411.00
Less: Cash Disbursements	$ 149,781.50	$ 166,199.00	$ 167,019.50	$ 483,000.00
Ending Cash Balance	$ 226,809.50	$ 401,049.00	$ 579,552.50	$ 1,207,411.00

** Please show formulas