qu38 chap 10

Sales are 40% cashand 60% on account, and 60% of credit sales are collected in the month of the sate. In the monthatter the sale, 40% of credit sales are collected. It takes 4kg of direct materials to produce a finished unit, and direct materials cost 55 per kg. Alidirect materials purchases are on account, and are paid as follow5 40% in the month of the purchase and 60% the following month Ending direct materials inventory for each month is 40% of the next monttis production needs January's beginning materials inventory is 1.010kg. 5 ppose that both accounts receivable and accounts payablearc zero at the beginning of January, What are the total cash sales for the January-March quarter