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Current Attempt in Progress Cullumber Manufacturing Company expects the following sales in January February, and March January February March Cash Sales $50200 $46000 $85600 Credit

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Current Attempt in Progress Cullumber Manufacturing Company expects the following sales in January February, and March January February March Cash Sales $50200 $46000 $85600 Credit Sales $253000 $241500 $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? $279500 $352450 $365100 $409600

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