Hesterman Corporation makes one product and has provided the following information to help prepare the master budget for the next four months of operations: $ 118 Budgeted selling price per unit Budgeted unit sales (all on credit): April May June July 7,800 9,400 14,000 12,100 Raw materials requirement per unit of output Raw materials cost Direct labor requirement per unit of output Direct labor wage rate 3 pounds $ 3.00 per pound 2.8 direct labor-hours per direct labor- $ 25.00 hour Credit sales are collected: 40% in the month of the sale 60% in the following month Credit sales are collected: 40% in the month of the sale 60% in the following month The ending finished goods inventory should equal 40% of the following month's sales. The ending raw materials inventory should equal 20% of the following month's raw materials production needs. The expected cash collections for May is closest to: Multiple Choice $920,400 $995,920