DILAPELICU IDUI LUSS dll ILSS Llall allal lauUI LUSIS 31. Pink Company has the following data: Month January February March April Budgeted Sales $120,000 150,000 140,000 130,000 The gross profit rate is 50% of sales and ending inventory at December 31 was $27,500. Desired ending inventory levels are 30% of next month's sales at cost. What are the expected total purchases for February? A) $73,500 B) $76,050 C) $100,750 D) $150,000 32. Blue Company expects September sales to be $100,000. Of these sales, credit sales are expected to be $55,000. Collection of credit sales are 60% in the month of sale, 30% in the month following sale and 5% two months following sale. The remaining 5% is uncollectible. is the expected cash collection in October from September sales. A) $750 B) $16,500 C) $33,000 D) $55,000