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She's A Star, Inc. is a manufacturer that makes one product. It provided the following information to help prepare the master budget for the next

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She's A Star, Inc. is a manufacturer that makes one product. It provided the following information to help prepare the master budget for the next four months of operations: The budgeted selling price per unit is $62. Budgeted unit sales for June, July, August, and September are 28,400; 30,000; 33,400; and 36,200 units, respectively. All sales are on credit. Regarding credit sales, 15% are collected in the month of the sale and 85% in the following month. The ending finished goods inventory equals 15% of the following month's sales. The ending raw materials inventory equals 30% of the following month's raw materials production needs. Each unit of finished goods requires 8 ounces of raw materials. The raw materials cost $2.00 per ounce. Regarding raw materials purchases, 40% are paid for in the month of purchase and 60% in the following month. The budgeted accounts receivable balance at the end of July is closest to: a. $1,760,180 b. $1,581,000 C. $1,775,680 d. $1,496,680 e $1,116,000

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