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The marketing department of Graber Corporation has submitted the following sales forecast for the upcoming fiscal year.

	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter
Budgeted unit sales	19,000	18,000	17,000	18,000

The selling price of the companys product is $24.00 per unit. Management expects to collect 75% of sales in the quarter in which the sales are made, 20% in the following quarter, and 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which is expected to be collected in the first quarter, is $69,000.

The company expects to start the first quarter with 3,800 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarters budgeted sales. The desired ending finished goods inventory for the fourth quarter is 4,000 units.

Required:

1a.	Compute the companys total sales. (Omit the "$" sign in your response.)

	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter	Year
Total sales	$	$	$	$	$

1b.	Complete the schedule of expected cash collections. (Do not round intermediate calculations. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

Graber Corporation Schedule of Expected Cash Collections
	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter	Year
Accounts receivable, beginning balance	$	$	$	$	$
1st Quarter sales
2nd Quarter sales
3rd Quarter sales
4th Quarter sales
Total cash collections	$	$	$	$	$

2.	Prepare the companys production budget for the upcoming fiscal year. (Input all amounts as positive values. Do not round intermediate calculations.)

Graber Corporation Production Budget
	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter	Year
Budgeted unit sales
(Click to select)AddDeduct: (Click to select)Beginning inventoryEnding inventory
Total units needed
(Click to select)AddDeduct: (Click to select)Ending inventoryBeginning inventory
Required production

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