6

Public Manufacturing Company (PMC) is preparing their budgeted financial statements for the coming year, and has accumulated the following data:

Beginning-of-period balances:
Cash	$40,000
Accounts Receivable	$50,000
Raw Materials Inventory	$14,000
Work-in-Process Inventory	$160,000
Finished Goods Inventory	$6,000
Equipment (historical value)	$200,000
Accumulated Depreciation	$130,000
Accounts Payable	$62,000

Estimates for end-of-period balances:
Accounts Receivable	$55,000
Raw Materials Inventory	$10,000
Work-in-Process Inventory	$120,000
Finished Goods Inventory	$5,000
Accumulated Depreciation	$124,000
Accounts Payable	$50,000

Budgeted activity levels for the period:
Sales	12,000 units @ a sales price of $300/unit
Purchases of Direct Materials	$500,000
Direct Labor Wages	$340,000
Manufacturing Overhead	$1,400,000
Selling and Administrative Expenses	$1,300,000

What is the budgeted cash received from customers?