XYZ Company is preparing its direct materials budget. Budgeted production for January, February, March, and April are 5000 units, 7000 units, 6500 units, and 8000 units, respectively. To produce one unit of finished product, three kilograms of direct materials are needed. Direct materials inventory at the beginning of any month should be 20% of that month's production needs. Each kilogram of direct material costs the company $19. What is the total cost of direct materials to be purchased in February? Select one: a. $393,300 b. $351,900 c. $414,000 d. $372,600 e. None of the given answers XYZ Company produces and sells one product. The budgeted selling price per unit is $30. Budgeted unit sales for July, August, September, October and November are 1,400 units, 2,100 units, 3,400 units, 2,700 units and 4,200 units, respectively. All sales are on credit. Regarding credit sales, 30% are collected in the month of the sale, 50% in the month following sales, and the remaining 20% in the second month following sale. The expected total cash collections in September is closest to: Select one: a. $96,300 b. $94,000 c. None of the given answers d. $70,500 e. $82,250