200 180 120 200 T20 40,000 lio 50,000 Po 000 50000 go 556 500 60 834 n. in un. Expected un-sales - Bf sales & sal in un. & un sal price LUM PROBLEM 5 (10 points) The sales budget of Mulls Company for the fourth quarter of 2018 is as follows October $96,000 Sales November $72,000 December $108,000 Cost of goods sold is 70% of total sales. Desired ending inventory for each month is equal to 25% of cost of goods sold for the following month. Collections on credit sales are as follows: 50% in the month of sale 30% in the month following sale 15% in the second month following sale 5% uncollectible October 1 inventory is $16,000. Expected sales for January 2007, are $84,000. Payments for inventory are 70% in the month following purchase and 30% two months following purchase Compute the cash disbursements for purchases during December