The Black Pepper Corp makes one product and has provided the following information to help prepare the master budget for the next four months of operations: $ 100 Budgeted selling price per unit Budgeted unit sales (all on credit): April May June 10 10 20 40 July Raw materials requirement per unit of output Raw materials cost Direct labor requirement per unit of output Direct labor wage rate 3pounds $ 3.00per pound 2.8direct labor-hours $ 25.00 per direct labor hour Credit sales are collected: 40% in the month of the sale 60% in the following month The ending finished goods inventory should equal 40% of the following month's sales. The ending raw materials inventory should equal 20% of the following month's raw materials production needs. The expected cash collections for May is closest to: $400 $600 1.400 MacBook Air 90 DIA - 000 000 F4 FB 59 F7 F5 F6 June July 20 40 Raw materials requirement per unit of output Raw materials cost Direct labor requirement per unit of output 3pounds $ 3.00per pound 2.8direct labor-hours per direct labor $ 25.00 hour Direct labor wage rate Credit sales are collected: 40% in the month of the sale 60% in the following month The ending finished goods inventory should equal 40% of the following month's sales. The ending raw materials inventory should equal 20% of the following month's raw materials production needs. The expected cash collections for May is closest to: O $400 $600 $1,400 O $1,000