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Shown below are budgeted sales for ZZ, Inc.: Budgeted Sales in Units January 7,600 units February 8,200 units March 7,500 units April 6,900 units May
Shown below are budgeted sales for ZZ, Inc.: Budgeted Sales in Units January 7,600 units February 8,200 units March 7,500 units April 6,900 units May ????? units All sales are made on account. The selling price is $18 per unit. The sales are collected in the pattern 40% in the month of sale, 20% in the month following sale, 30% in the second month following sale, and the final 10% is collected in the third month following sale. Assume ZZ, Inc.'s pro forma balance sheet at May 31 reported a budgeted accounts receivable balance of $172,962. Calculate the number of units budgeted to be sold in May.
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