Bonita Industries reported the following information for 2016:

October November December

Budgeted Sales $1170000 $1090000 $1370000

• All sales are on credit.
• Customer amounts on account are collected 50% in the month of sale and 50% in the following month.

How much cash will Bonita receive in November?

a. $1130000

b. $1230000

c. $545000

d. $1090000

A company determined that the budgeted cost of producing a product is $30 per unit. On June 1, there were 79000 units on hand, the sales department budgeted sales of 290000 units in June, and the company desires to have 80000 units on hand on June 30. The budgeted cost of goods sold for June would be

a. $11070000.

b. $8700000.

c. $8670000.

d. $8730000.