20. The following information was taken from the production budget of Paeke Corporation for next quarter January February March 130,000 138,000 154,000 Desired ending inventory of finished goods 32,000 35,000 38,000 Units to be produced How many units is the company expecting to sell in the month of February? A. 132,000 B. 138,000 ?. 135,000 D. 140,000 21. Caprice Corporation is a wholesaler of industrial goods. Data regarding the store's operations follow: o Sales are budgeted at $350,000 for November, $320,000 for December, and $300,000 for January Collections are expected to be 80% in the month of sale, 15% in the month following the sale, and 5% uncollectible. The cost of goods sold is 70% of sales. o The company desires an ending merchandise inventory equal to 60% of the cost of goods sold in the following month. Payment for merchandise is made in the month following the purchase. o The November beginning balance in the accounts receivable account is $78,000. o The November beginning balance in the accounts payable account is $234,000. Required: a. Prepare a Schedule of Expected Cash Collections for November and December