Part 1 The data below pertains to the third quarter of Lulu Company which manufactures toys Below is the estimated sales (in units July 66,000 August 86,000 September 82,000 October 94,000 November 72,000 December 30,000 a. The selling price of each toy is $10.00 per unit. b. All sales are on account. Based on past experience, sales are collected to the following pattern: Month of sale 40% Month following sale 55% Uncollectible 5% C. Sales for June totaled S170,000. d The company maintains finished ads inventories.cqual to 25% of the following Part 1 The data below pertains to the third quarter of Lulu Company which manufactures toys Below is the estimated sales (in units July 66,000 August 86,000 September 82,000 October 94,000 November 72,000 December 30,000 a. The selling price of each toy is $10.00 per unit. b. All sales are on account. Based on past experience, sales are collected to the following pattern: Month of sale 40% Month following sale 55% Uncollectible 5% C. Sales for June totaled S170,000. d The company maintains finished ads inventories.cqual to 25% of the following