Dizney Manufacturing makes and sells a product called a widget. One widget requires 3.5 kilograms of raw material. Budgeted production of widgets for the next five months is as follows: August 23,600 units September 22,300 units October 23,700 units November 24,900 units December 24,600 units Dizney wants to maintain monthly ending inventories of raw material equal to 20% of the following month's production needs. On July 31, this requirement was not met since only 11,800 kilograms of the material were on hand. The cost of the material is $28 per kilogram. Dizney needs to prepare a Direct Materials Purchases Budget for the next five months. The total cost of Dizney's raw material to be purchased in August is: Multiple Choice $2,848,160 $2,749,880 O $2,312,800 $2,419,480 The Wonder Company analyzed its accounts receivable collection pattern over the past few years and summarized its expectations as follows: 30% in month of sale 66% in month following sale 4% in second month following sale The following sales have been budgeted: Sales April $130,000 May $150,000 June $140,000 Budgeted cash collections for Wonder Company in June would be: Multiple Choice $146,200 $140,000 $140,520 $141,000