A company budgeted sales of its single product to be 60,000 units in April, 75,000 units in May, and 70,000 units in June. The company’s policy is to always maintain inventory levels at the end of each month be equal to 40% of the next month's expected unit sales. Given this information, the company’s budgeted production of its product for the month of May is:

Exercise 7-7 martinez company reports the following financial information before adjustments. dr. cr. accounts receivable $168,900 allowance for doubtful accounts $3,200 sales revenue (all on credit) 849,300 sales returns and allowances 50,440 prepare the journal entry to record bad debt expense assuming martinez company estimates bad debts at (a) 4% of accounts receivable and (b) 4% of accounts receivable but allowance for doubtful accounts had a $1,550 debit balance. (if no entry is required, select "no entry" for the account titles and enter 0 for the amounts. credit account titles are automatically indented when the amount is entered. do not indent manually.)