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Mapple Co. manufactures smart phones. The following unit sales are budgeted for the first six months of 2022: January February March April May June Sales

Mapple Co. manufactures smart phones. The following unit sales are budgeted for the first six months of 2022:

January

February

March

April

May

June

Sales (in units)

250,000

255,000

258,000

260,000

262,000

265,000

The selling price of the product is $700. All sales are on credit, and of the credit sales, 15% are collected in the month of sale, 60% are collected during the first month after the sale, and the remaining 25% are collected during the second month after the sale. Company policy calls for the ending finished goods inventory of a month to equal 40% of the next month's budgeted unit sales. Budgeted cash collections during the month of May is:

Group of answer choices

$177,940,000

$180,600,000

$180,285,000

$182,140,000

$181,860,000

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