12.

Company makes one product and it provided the following information to help prepare the master budget for its four months of operations:

(a)	The budgeted selling price per unit is $65. Budgeted unit sales for June, July, August, and September are 9,600, 27,000, 29,000, and 30,000 units, respectively. All sales are on credit.
(b)	Thirty-percent of credit sales are collected in the month of the sale and 70% in the following month.
(c)	The ending finished goods inventory equals 30% of the following month