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  3. s corporation makes one product. budgeted unit sal

S Corporation makes one product. Budgeted unit sales for January, February, March, and April are...

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S Corporation makes one product. Budgeted unit sales for January, February, March, and April are 9,900, 11,400, 11,900, and 13,400 units, respectively. The ending finished goods inventory equals 20% of the following month's sales. The ending raw materials inventory equals 40% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. S corporation has 2180 units of finished goods and 23000 pounds of raw materials to start January. Prepare raw materials purchase budget for the month of January, February, and march. Your answer All of Gaylord Corporation's sales are on account. Thirty-five percent of the sales on account are collected in the month of sale, 45% in the month following sale, and the remainder are collected in the second month following sale. The following are budgeted sales data for the company: January February March April Total sales $50,000 $60,000 $40,000 $30,000 Prepare a schedule of cash collection from sale for the month of January, February, and March. Your

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