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someoneeeeeeeee pleaseeeeeeeee help solve this i have 10 minutes left. The marketing department of...

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Accounting

someoneeeeeeeee pleaseeeeeeeee help solve this i have 10 minutes left.

The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year:

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter
Budgeted sales (units) 9,300 11,300 13,300 12,300

The selling price of the companys product is $33 per unit. Management expects to collect 55% of sales in the quarter in which the sales are made and 40% in the following quarter; 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which are expected to be collected in the first quarter, is $93,500.

The company expects to start the first quarter with 2,650 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 15% of the next quarters budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2,900 units.

Required:

1-a. Prepare the company's sales budget

Prepare the schedule of expected cash collections.

2. Prepare the company's production budget for the upcoming fiscal year.

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