Petrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations a. The budgeted selling price per unit is $110. Budgeted unit sales for January, February, March, and April are 7,500, 10,600, 12,000, and 11,700 units, respectively, All sales are on credit. b. Regarding credit sales, 30% are colteded in the month of the sale and 70% in the following month c. The ending finished goods inventory equals 30% of the following month's sales. d. The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $4.00 per pound c. Regarding raw materials purchases, 40% are paid for in the month of purchase and 60% in the following month f. The direct labor wage rate is $2300 per hour. Each unit of finished goods requires 26 direct labor-hours g. Manufacturing overhead is entirely variable and is $8.00 per direct labor-hour h. The vartable selling and administrative expense per unit sold is $170. The fixed seling and administrative expense per month is $70.000 The expected cash collections for February is closest to. $577,500 $927,300 $349,800 $825.000