Wood company is in the process of preparing a cash budget and must determine the expected cash collections by month To this end, the following information has been assembled: Collections on credit sales: 60% in month of sale, 30% in month following sale, 10% second month following sale. The total cash receipts during November for Wood company would be

July..AugustSeptember....October...November.....December....CashSales$120,000$372,000$454,000$376,000$310,000$334,000CreditSales$150,000$170,000$130,000$145,000$200,000$350,000