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Data table More info In any given month, 20% of the fotal sales are cash sales, while the remainder are credit sales. The company's collection history indicates that 60% of credi sales is collected in the monch after the sale, 30% is collected two months after the sale, 5% is collected three menths after the sate, and the remaining 5% is never collectod. Assume that the total cost of direct materials purchases in December was 5500,000 . The company pays 40% of its drect materials purchases in the month of purchase, and porys the temaining 60% in the month after purchase. Hone Swret Home makes bachyard birdhouses. The company sells the birdhoures to home improvement stores for $13 per birdhouse Each birdhouse tequires 20 board feet of wood, which the company obtains at a cost of $5 per board foot. The company would the to maintain an ending stock of wood equal to 15\% of the nex monthis production requirements The company wouid also like to maintain an ending stock of finished birdhouses equal to 10% of the next month's sales Sales data for the company is as follows [Click the icon to view the sales data) (CSck the loon to view additional data) Read the reguirements Data table More info In any given month, 20% of the fotal sales are cash sales, while the remainder are credit sales. The company's collection history indicates that 60% of credi sales is collected in the monch after the sale, 30% is collected two months after the sale, 5% is collected three menths after the sate, and the remaining 5% is never collectod. Assume that the total cost of direct materials purchases in December was 5500,000 . The company pays 40% of its drect materials purchases in the month of purchase, and porys the temaining 60% in the month after purchase. Hone Swret Home makes bachyard birdhouses. The company sells the birdhoures to home improvement stores for $13 per birdhouse Each birdhouse tequires 20 board feet of wood, which the company obtains at a cost of $5 per board foot. The company would the to maintain an ending stock of wood equal to 15\% of the nex monthis production requirements The company wouid also like to maintain an ending stock of finished birdhouses equal to 10% of the next month's sales Sales data for the company is as follows [Click the icon to view the sales data) (CSck the loon to view additional data) Read the reguirements

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