3) California Dreamin Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Budgeted selling price per unit $ 120 Budgeted unit sales (all on credit): January 7,000 February 8,000 March 11,900 April 14,900 Credit sales are collected: 40% in the month of the sale 45% in the month following sale 14 % in the second month following 1 % expected uncollectible The budgeted accounts receivable balance at the end of March is closest to: A) $1,003,000 B) $1,152,000 C) $1,121,000 D) $571,000

4) David Bowie LLC makes one product. Budgeted unit sales for January, February, March, and April are 9,900, 11,400, 11,900, and 13,400 units, respectively. The ending finished goods inventory equals 20% of the following month's sales. The ending raw materials inventory equals 40% of the following months raw materials production needs. Each unit of finished goods requires 10 pounds of raw materials. If 122,000 pounds of raw materials are required for production in March, then the budgeted raw material purchases for February is closest to:

A) 117,800 pounds

B) 209,800 pounds

C) 115,000 pounds

D) 163,800 pounds