Your team needs to start with the sales budget. The units are expected to sell for $$50$ each. Pocket

Pieces sells all merchandise on credit. Historically, Pocket Pieces receives $55\%$ of each quarter's sales

during the quarter and $45\%$ in the next quarter.

$2.$ Pocket Pieces plans to stock ending inventory of finished goods to equal $25\%$ of the next quarter's

sales. Finished Goods inventory at $1/1/2024$ is $190$ units at a cost of $$24\mathrm{.}25$ per unit. Pocket Pieces uses

FIFO to account for finished goods inventory.

$3.$ The units are made with a high$-$quality resin and paint. The units each require $5$ ounces of resin at a

cost of $$0\mathrm{.}75$ per ounce. In addition, the units require $2$ ounces of paint at $$0\mathrm{.}40$ per ounce. At the

beginning of $2024,$ Pocket Pieces had $425$ ounces of resin on hand and no paint on hand. Pocket Pieces

plans to keep $30\%$ of the resin and paint required for next quarter's production in inventory at the end

of each quarter. Pocket Pieces pays for all purchases $45\%$ in the quarter of purchase and $55\%$ in the

quarter following purchase.