Budgeted sales in Allen Company are given below: April May $25,000 $95,000 $120,000 Budgeted Cash Sales Budgeted Credit Sales Total Budgeted Sales Collections for sales on account follow a stable pattern as follows: 60% of a month's credit sales are collected in the month of sale and 40% are collected in the month following sale. $50,000 $130,000 $180,000 Given these data, the total of all collections for May should be: $134,000 $109,000 11.000

Budgeted sales in Allen Company are given below: Collections for sales on account follow a stable pattern as follows: 60% of a month's credit sales are collected in the month of sale and 40% are collected in the month following sale. Given these data, the total of all collections for May should be: $134,000 $109,000