1 of 1 > Moorcroft Company's budgeted sales and direct materials purchases are as follows: Budgeted Sales Budgeted D.M. Purchases April $299,000 $48,000 May 330,000 49,000 June 398,000 54,000 12.67/95 Moorcroft's sales are 40% cash and 60% credit. Credit sales are collected 20% in the month of sale, 50% in the month following sale, and 26% in the second month following sale: 4% are uncollectible. Moorcroft's purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month following the purchase and 60% in the second month following the purchase. Your answer is partially correct Prepare a schedule of expected collections from customers for June. Sales April 299000 MEY June Tots Moorcroft Company Schedule of Expected Collections from Customers April 174982 May Sales 299000 330000 398000 Moorcroft Company Schedule of Expected Collections from Customers April May 69 124982 89700 191400 124982 $ 281100 5 June 32292 99000 230840 362132