Haley Company estimates its sales at 100,000 units in the first quarter and that sales will increase by 10,000 units each quarter over the year.

Haley Company estimates its sales at 100,000 units in the first quarter and that sales will increase by 10,000 unitseach quarter over the year. They have, and desire, a 25% ending inventory of finished goods. Each unit sells for $35.40% of the sales are for cash. 70% of the credit customers pay within the quarter. The remainder is received in thequarter following sale.