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Avery Manufacturing has the following sales budgets for the fourth quarter. Cash Sales Credit Sales October $580,400 $232,900 November 624,800 344,000 December 783,610 398,700 The

Avery Manufacturing has the following sales budgets for the fourth quarter.

	Cash Sales	Credit Sales
October	$580,400	$232,900
November	624,800	344,000
December	783,610	398,700

The accounting manager has analyzed cash collections and determined that credit sales are collected 60% in the month of sale, 25% in the month following the sale, and 15% in the 2nd month following sale. How much cash will Avery collect in December? [collections]

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