SUO 4. Dayton has forecast sales to be $212,000 in February $275,000 in March, $291,000 in April, and $312,000 in May. The average cost of goods sold is 70% of sales All sales are made on credit and sales are collected 50% in the month of sale, 40% the month following and the remainder two months after the sale. What are budgeted cash receipts in May? Multiple Choice $183,700 $251200 $299,900 $170.950