Selsa Sebat Inc's sales revenue budget is presented below

Nov DEc Jan

Cash Sales($) 96000 125000 78000

Credit Sales($) 288000 450000 234000

Tot Sales($) 384000 575000 312000

4% of credit sales would be uncollectible.

Of the collected credit sales-75% would be collected in the month of sales and the remainder in the month following the sale.

Selasa Sebat Inc desires to begin each month with 65% of the months projected tot sales

If 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 60% of the selling prices.

1) Calculate the total budgeted cash collections in December and the portion of the December sales that will be collected in January

2) Calculate the budgeted Beginning Inventory and Budgeted Ending Inventory in November

Please do calculations in detail as I do not understand this

Thank You very much