FRANCORP is preparing budgets for the quarter ending March 31. Budgeted sales for the next 5 months are as follows:

January - 16250 units February - 16950 units March - 17200 units April - 18350 units May - 17900 units

The selling price per unit is $15.

Assume all sales are on account. This means that all sales ARE NOT CASH SALES. They are waiting for their customers to pay. FRANCORP'S collection pattern is:

25% in the month of sale 60% in the month following sale 15% in the second month following sale Assuming FRANCORP's collection patter continues, how much of May's budgeted sales are expected to be collected?

a. $268,500 b. $188,500 c. $67,125 d. $215,830