During $2021-2022$ fiscal year, the average selling price for large box cars is expected to be $(1)$ $$115$ per car. The Large Box Car Division forecasts the following units of sales.

Quarter

First

Second

Third

Fourth

Box Car UNIT Sales $(2-5)$

$65,000$

$60,000$

$57,000$

$60,000$

The collection pattern for Accounts Receivable is as follows:

$(6)40$ percent of all sales are collected within the quarter in which they are sold

$(7)60$ percent of all sales are collected in the following quarter.

There are no bad debts$/$uncollectible accounts.

Due to high demand last year, the Large Box Car Division expects to have $(8)$ zero finished box cars in inventory on $(35)$ July $1,2021,$ the beginning of the first quarter of the new fiscal year $($i$.$e$.$ Beginning Finished Goods Inventory is $(8)$ Zero$).$ To avoid having that problem in the coming fiscal year, the Large Box Car Division would like to have the ending inventory of Box Car at the end of each of the first three quarters equal to $(9)25\%$ of the budgeted sales for the next quarter. They would like to have $(10)15,000$ finished Box Cars on hand on $(36)$ June $30,2022.$

Quarter

First

Second

Third

Fourth

Ending FG inventory of Box Cars as a $\%$ of the next quarter$$s budgeted sales $(9)$

$25\%$

$25\%$

$25\%$

Ending FG inventory of Box Cars $(10)$

$?$

$?$

$?$

$15,000$

Each large box car requires an average of $(11)6\mathrm{.}0$ feet of wood. The Large Box Car Division buys wood for $(13)$ $$3\mathrm{.}00$ per foot and they expect the price to remain constant throughout the year. They expect to have $(12)50,000$ feet of wood $($RAW MATERIALS$)$ on hand as of $(35)$ July $1,2021((12)50,000*((13)$ $$3\mathrm{.}00=(14)$ $$150,000-$ This is beginning Direct Material Inventory$),$ the beginning of the first quarter of the fiscal year. At the end of each of the first three quarters, the Large Box Car Division would like to have their direct materials inventory quantity to equal $(15)25$ percent of the amount required for the following quarter$$s planned production. On $(33)$ June $30,2022,$ the end of the fiscal year, Large Box Car Division would like to have $(16)60,000$ feet of wood on hand $($This is ending Direct Material Inventory$)..$