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Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Multiple

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Bonkowski Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: Multiple Choice $970,000 $1,028,200 $349,200 $679,000 Raw materials purchases are paid: 30% in the month of purchase 70% in the following month The ending finished goods inventory should equal 30% of the following month's sales. The ending raw materials inventory shoul equal 10% of the following month's raw materials production needs. The expected cash collections for February is closest to

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