The correct final answers are provided below, please show your work on how to get the answers. Thanks!

8. $5,050

9. $505,000

10. %56,250; $5,625

11. $2,541 U

12. $26,520

13. $442 F

Use the following information to answer questions 8 through 10. Keepsake Necklaces makes photo lockets (a type of necklace) that it sells to jewelry retailers like Kay Jewelers. Keepsake made the following sales forecasts for the last half of fiscal year 2013 Sales Dollars 50,000 $312,500 500,000 S375,000 $625,000 $750,000 Month July August nits 2,000 2,500 4,000 3,000 5,000 6,000 October November December Total 812 Keepsake estimates that 75% of its sales are credit sales. Credit collections are estimated as follows. Collected in the month of sale Collected the month following sale Collected two months following sale Never collected 30% 50% 18% 2% 8. Keepsake had adopted lean manufacturing practices, including lean inventory. Its policy is to keep an ending inventory of only 5% of the next month's estimated sales. Compute the number of lockets that Keepsake should produce in November 9. Compute the expected cash collections forN 10. Compute the amount of October sales that will still be uncollected after the end of November. Of this amount, what amount is expected to never be collected? When recording your answer for this question, be sure to record both amounts you have calculated