Jeanclaude Corporation produces and sells one product. The budgeted selling price per unit is $85. Budgeted unit sales for July, August, September, and October are 7,400, 7,500, 13,800, and 15,300 units, respectively. All sales are on credit. Regarding credit sales, 40% are collected in the month of the sale and 60% in the following month.

The budgeted accounts receivable balance at the end of August is closest to:

Multiple Choice

• $637,500

• $377,400

• $382,500

• $255,000