Comprehensive summary problem (Learning Objectives 2 &3) Birdfeeders Unlimited makes backyard birdfeeders. The company sells the birdfeeders to home improvement stores for $15 per birdfeeder. Each birdfeeder requires 1.5 board feet of wood, which the company obtains at a cost of $4 per board foot. The company would like to maintain an ending stock of wood equal to 10% of the next month's production requirements. The company would also like to maintain an ending stock of finished birdfeeders equal to 20% of the next month's sales. Sales data for the company is as follows: P9-59A Units October actual sales (prior year) 92,000 November actual sales (prior year) 85,000 December actual sales (prior year) 78,000 January projected sales 80,000 February projected sales 90,000 March projected sales 95,000 April projected sales 105,000 In any given month, 20% of the total sales are cash sales, while the remainder are credit sales. The company's collection history indicates that 80% of credit sales is collected in the month after the sale, 10% is collected two months after the sale, 6% is collected three months after the sale, and the remaining 4% is never collected. Assume that the total cost of direct materials purchases in December was 5550,000. The company pays 45% of its direct materials purchases in the month of purchase and pays the remaining 55% in the month after purchase