question...

Anderson Inc. has developed the following sales forecast for the following months. Month Sales May $500, 00 June $650,000 July $380,000 August $300,000 Collection pattern is: 40 percent in the month of sale 60 percent in the following month after sale The company's selling price is $20 per unit and they want an ending inventory equal to 20% of next month's sales. How much is the expected total cash collections in the month of June