Problem 10.39A-9 The controller of Harrington Company estimates sales and production for the best four months of 2030 asf ala Sales Production in units January $27,500 1,100 February $44,000 1,300 March $50,000 1,900 April $25,500 2.500 by Study 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 we collected. It of direct materials to produce a finished unit, and direct materials cost $5 per kg. All direct materials purchases are on account, and are paid as follows in the month of the purchase and 60% the following month Ending direct materials inventory for each month is 40% of the next month's production needs January's beginning materials inventory is 1,050 kg. Suppose that both accounts receivable and accounts payable werere at the beginning of lanuary What are the total cash sales for the January March Quarter? Total cash sales What is the accounts receivable balance at the end of March? Accounts receivable balance What is the direct materials inventory balance at the end of March? Direct materials inventory balance What are the materials purchases costs for February? Material purchases for February What are cash payments on account for February SOURCES What is the accounts receivable balance at the end of March? Accounts receivable balance What is the direct materials inventory balance at the end of March? Direct materials inventory balance What are the materials purchases costs for February? Material purchases for February What are cash payments on account for February? Cash payments on account What is the ending balance in accounts payable for March? Ending balance in accounts payable What is the change in the cash balance for the period January-March? Cash balance change SAVE FOR LATER SU Question Attempts: 1 of 2 used