6) Augustus Inc. estimates future sales as follows: January 60,000 units $480,000 February 44,500 units $356,000 March 52,000 units $416,000 April 49,000 units $392,000 Augustus Inc.'s past experience has shown that the ending inventory for each month should be equal to 20% of the next month's sales in units. The inventory on December 31st of the previous year contained 12,000 units. The company collects its sales 65% in the month of sale and 35% in the month after sale. What are the budgeted sales for the quarter (January-March) (Answer: b)? a. $156,500 b. $1,252,000 C. $1,106,400 d. $1,644,000