Sales revenue budget is below:

November December January

Cash Sales $96,000 $125,000 $78,000

Credit Sales $288,000 $450,000 $234,000

Total Sales $384,000 $575,000 $312,000

Management estimates that 4% of credit sales would be uncollectible. Of the collectible credit sales, 60% would be collected in the month of sale and the remainder in the month following the sale.

The firm desires to begin each month with 75% of the month's projected total sales on hand.

All purchases of inventory were to be on account. 30% would be paid in the month of purchase, and the remainder would be paid in the month following the purchase.

The purchase costs are 50% of the selling prices.

Please answer the following:

1. The total budgeted cash collections in December
2. The budgeted beginning inventory in November
3. The budgeted ending inventory in November
4. The portion of December sales that will be collected in January