Problem 10-39A (Part Level Submission)

The controller of Harrington Company estimates sales and production for the first four months of 2016 as follows:

		January		February		March		April
Sales		$30,900		$40,400		$53,600		$25,400
Production in units		1,150		1,680		2,000		2,630

Sales are 40% cash and 60% on account, and 60% of credit sales are collected in the month of the sale. In the month after the sale, 40% of credit sales are collected. It takes 4 kg of direct material to produce a finished unit, and direct materials cost $5 per kg. All direct materials purchases are on account, and are paid as follows: 40% in the month of the purchase, 60% the following month. Ending direct materials inventory for each month is 40% of the next months production needs. Januarys beginning materials inventory is 1,840 kg. Suppose that both accounts receivable and accounts payable are zero at the beginning of January.

Question: Fill in the blank

Thank you!!

HOW IS THIS TOO LONG???? PLEASE HELP

What is the cash balance for the period January-March? (Round answer to 0 decimal places, e.g. 125.) Cash balances LINK TO TEXT Attempts: 0 of 1 used