qu 38 chap 10

What is the accounts receivable balance at the end of March? The controller of Blossom Company estimates sales and production for the first four months of 2022 as follows: Sales are 40% cash and 60% on account, and 60% of credit sales are collected in the month of the sale. In the monthatter the sale. 40x. of credit sales are collected. It takes 4kg of direct materials to produce a finished unit, and direct materials cost $5 per kge All direct materials purchases are on account, and are paid as foliows; 40% in the month of the purchase and 60% the followingmonth Ending: direct materials inventory for each month is 40% of the next month's production needs. January's beginning materials inventory is 1.010kg suppose that both accounts receivable and accotnts payable are zaro at the beginning of January