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Use the information below for Flushing Company to answer the question that follow. Below is budgeted production and sales information for Flushing Company for the
Use the information below for Flushing Company to answer the question that follow. Below is budgeted production and sales information for Flushing Company for the month of December. Product Xxx Product zzz Estimated beginning inventory 29,400 units 16,900 units Desired ending inventory 35,900 units 15,400 units Region I, anticipated sales 317,000 units 259,000 units Region II, anticipated sales 181,000 units 141,000 units The unit selling price for product XXX is $6 and for product ZZZ is $14. Budgeted sales for the month are a. $12,572,000 Ob. $5,388,000 c. $9,372,000 d. $8,588,000 Woodpecker Co. has $307,000 in accounts receivable on January 1. Budgeted sales for January are $867,000. Woodpecker Co. expects to sell 20% of its merchandise for cash. Of the remaining 80% of sales on account, 75% are expected to be collected in the month of sale and the remainder the following month. The January cash collections from sales are a. $600,360 Ob. $1,000,600 c. $1,307,600 d. $800,480
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