Seasonal Products Corporation expects the following monthly sales: January... February, March.. April.... May.. June Total sales = $168,000 $20,000 July... $ 10,000 15,000 August 14.000 5,000 September.****** 20,000 3,000 October.... 25.000 1,000 November... 30,000 3,000 December, 22000 Sales are 20 percent for cash in a given month, with the remainder going into accoun receivable. All 80 percent of the credit sales are collected in the month following the sale Seasonal Products sells all of its goods for $2.00 each and produces them for $1.00 och Seasonal Products uses level production, and average monthly production is equal to annual production divided by 12.