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Cullumber Manufacturing Company expects the following sales in January, February, and March: Cash Sales Credit Sales January $50200 $253000 February $46000 $241500 March $85600 $324000

Cullumber Manufacturing Company expects the following sales in January, February, and March:

Cash Sales

Credit Sales

January

$50200 $253000

February

$46000 $241500

March

$85600 $324000

The controller has determined that the company collects credit sales as follows: 60% in the month of sale, 30% in the first month after sale, 5% in the second month after sale, and 5% is expected to be uncollectible. How much cash will be collected from customers in March?

$352450

$409600

$365100

$279500

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