Salich Manufacturing Corporation has provided the following sales budget information:

July	$	65,000
August	$	75,000
September	$	80,000

Cash sales are normally 40% of total sales; credit sales are expected to be collected in their entirety in the month following the month of sale. The amount of cash expected to be received from customers in September is:

Multiple Choice

• $32,000.

• $75,000.

• $77,000.

• $74,000.

• $80,000.

2.

Gorberchev Food Processing expects to have 35,000 units of finished goods inventory on hand on March 31 and reports the following expected sales (in units) for the months of April through July:

April	135,000
May	155,000
June	165,000
July	135,000

At the end of each month the company desires its ending finished goods inventory to be 20% of the next month's projected sales (in units).

The budgeted production (in units) for Gorberchev Food Processing for April should be:

Multiple Choice

• 139,000.

• 135,000.

• 142,200.

• 131,000.

• 169,000.