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can someone help me for question e) thank you!! The controller of Wildhorse Company estimates sales and production for the first four months of 2022
can someone help me for question e)
thank you!!
The controller of Wildhorse Company estimates sales and production for the first four months of 2022 as follows: January February March April Sales $28,300 $38,300 $48,400 $23,400 Production in units 900 1,600 2,000 2,300 Sales are 40% cash and 60% on account, and 60% of credit sales are collected in the month of the sale. In the month after the sale, 40% of credit sales are collected. It takes 4 kg of direct materials to produce a finished unit, and direct materials cost $5 per kg. All direct materials purchases are on account, and are paid as follows: 40% in the month of the purchase and 60% the following month. Ending direct materials inventory for each month is 40% of the next month's production needs. January's beginning materials inventory is 1,150 kg. Suppose that both accounts receivable and accounts payable are zero at the beginning of January. (a) Your answer is correct. What are the total cash sales for the January-March quarter? Total cash sales $ 46000 Attempts: 1 of 2 used What are the materials purchases costs for February? Material purchases for February $ 35200 Attempts: 1 of 2 used (e) What are cash payments on account for February? Cash payments on account $ Save for Later Attempts: 0 of 2 used Submit Answer (f) The parts of this question must be completed in order. This part will be available when you complete the part above. (g) The parts of this question must be completed in order. This part will be available when you complete the part aboveStep by Step Solution
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