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Gilbert Industries provides the following information August sales were $160,000 and are expected to be $190,000 in September. All sales are on credit and are

Gilbert Industries provides the following information

August sales were $160,000 and are expected to be $190,000 in September. All sales are on credit and are collected as follows: 40% in the month of the sale and 60% in the following month.

Manufacturing costs were $110,000 in August and are expected to be $130,000 in September. Payments of manufacturing costs are as follows: 30% in the month of production and 70% in the following month.

The beginning cash balance on September 1 is $9,500

What are total cash receipts from sales?

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