Credit sales are collected: 3096 in the month of the sale 70% in the following month 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 fc The estimated direct labor cost for February is closest to: $284,970 O $712,425 O $499,000 0 $30,975 Credit sales are collected: 3096 in the month of the sale 70% in the following month 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 fc The estimated direct labor cost for February is closest to: $284,970 O $712,425 O $499,000 0 $30,975