Detroit Manufacturing Company (DMC) has budgeted the following sales for January through May: Credit Sales $400,000 January February $320,000 March $450,000 April $520,000 May $540,000 Assume DMC has no cash sales. Credit sales are collected 60% in the month of sale, 25% in the month following the sale, and 15% two months following the sale. The gross profit rate is 30%, and desired ending inventory levels are 25% of the next month's sales at cost. What is the expected production for April? $367,500 A. $360,500 B. $379,750 OC. $364,000 OD. $378,000 E