The marketing department of Graber Corporation has submitted the following sales forecast for the up

The marketing department of Graber Corporation has submitted the following sales forecast for the upcoming fiscal year. First QuarterSecond QuarterThird QuarterFourth Quarter  Budgeted unit sales17,800     16,800     15,800     16,800      The selling price of the company’s product is $32.00 per unit. Management expects to collect 80% of sales in the quarter in which the sales are made and 15% 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 $84,000.    The company expects to start the first quarter with 5,000 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter’s budgeted sales. The desired ending finished goods inventory for the fourth quarter is 5,200 units.