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 collected 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.

e.	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 $23.00 per hour. Each unit of finished goods requires 2.6

direct labor-hours.

g.	Manufacturing overhead is entirely variable and is $8.00 per direct labor-hour.

h.	The variable selling and administrative expense per unit sold is $1.70. The fixed selling

and administrative expense per month is $70,000. The expected cash collections for February is closest to:

Select one:

A. $349,800

B. $577,500

C. $825,000

D. $927,300