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Luchin Copporavon makes one product and it provided the following information so help prepare the...

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Accounting

Luchin Copporavon makes one product and it provided the following information so help prepare the master budget for the next four months of cperabons: credin.
b. Regarding credi sales. 40x are collected in the month of the sale and 605 in the followng month.
c. The ending intshed goods inwentory equals 10% of the following month's sales.
d. The ending raw matenials inventory equals 30% or the following month's raw moterials production needs. Each unit of finlshed goods requires 5 pounds of raw materials. The raw matenals cost 55.00 per pound.
e. Riegarding raw materials purchases, 40% are pald for in the month of purchase and 60% in the following month.
t. The drect labor wage rate is $18.00 per hout. Each unlt of fintshed goads requires 29 direct labor hours.
g. Variabie manufocturing averhead is $7,00 per direct labor-hour. Fixed manufacturing overthead is zero.
The budgeted accounts recelvabie balance at the end of May is closest to:
Multiple Croice
$747,000
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