22. A company expects the following sales for the coming year 1st Quarter 2nd Quarter 3rd Quarter 60,000 4th Quarter Units Average selling price $5 Budgeted sales revenue for the year is 80,000 $5 $5 a. 1,050,000 b. $1,260,000 C $1,155,000 d $1,130,000 e it is impossible to tell from this information 23. A company requires 200 pounds of plastic to meet the production needs of a product. I currently has 20 pounds of plastic inventory. The desired ending inventory of plastic is 60 pounds. How many pounds of plastic should be budgeted for purchasing during the coming a. 200 pounds b. 240 pounds c. 260 pounds d. 280 pounds e. 160 pounds 24. Bright Lamp Company manufactures lamps. The estimated number of lamp sales for the last three months of the current year are as follows Month November 14,000 L4 3260 Sales 10,000 December 13,000 Finished goods inventory at the end of September was 3,000 units. Ending finished goods inventory is budgeted to equal 25% of the next month's sales. Bright Lamp expects to sell the lamps for $25 each. In January of the next year, sales are projected at 16,000 lamps. How many lamps should be produced in November? a. 11,000 lamps b. 10,500 lamps C. 14,000 lamps d. 13,750 lamps 25.Zion Company manufactures sneakers. Production of their new sneaker for the coming three months is budgeted as follows: 26,000 August September 48,000 October 31,000 7Page