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The controller of Oriole Company estimates sales and production for the first four months of 2022 as follows: January February March April Sales $32,700 $42,800

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The controller of Oriole Company estimates sales and production for the first four months of 2022 as follows: January February March April Sales $32,700 $42,800 $49,500 $27,100 Production in units 900 1,600 1,900 2,300 Sales are 40% cash and 60% on account, and 60% of credit sales are collected in the month of the sale. In the month after the sale, 40% of credit sales are collected. It takes 4 kg of direct materials to produce a finished unit, and direct materials cost $5 per kg. All direct materials purchases are on account, and are paid as follows: 40% in the month of the purchase and 60% the following month. Ending direct materials inventory for each month is 40% of the next month's production needs. January's beginning materials inventory is 980 kg. Suppose that both accounts receivable and accounts payable are zero at the beginning of January. (f) X Your answer is incorrect. What is the ending balance in accounts payable for March? Ending balance in accounts payable $ 31560 Save for Later Attempts: 1 of 2 used Submit Answer What is the change in the cash balance for the period January-March? Cash balance change $

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