Introduction to Budgets and Preparing the Master Budget March 1,300,000 The company collects 60% in the month of sale, 20% in the following month, and 10% two months after the sale. Ten percent of all sales are uncollectible and are written off. Budgeted cash receipts for March are a. $ 780,000 b. $ 1,020,000 C. $1,120,000 d. $1,220,000 2. Projected sales for Peck, Inc., for next year and beginning and ending inventory data: Sales 100,000 units 120,000 units. Beginning Inventory Targeted Ending. Inv.. 300,000 units The selling price is $10 per unit. Each unit requires 5 pounds of material, which costs $2 per pound. The beginning inventory of raw materials is 10,000 pounds. The company wants to have 9,000 pounds of material in inventory at the end of the year. Budgeted sales would be a. $ 1,100,000 b. $ 960,000 c. $1,200,000 d. $1,000,000 Use the following information for questions 3 through 5. Projected sales for Module Company for the next month and beginning and ending inventory data are as follows: Sales Beginning inventory 20 | Page 80,000 units 6,000 units

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