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Wentz Corporation produces and sells one product

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Wentz Corporation produces and sells one product. The budgeted selling price per unit is $126. Budgeted unit sales are shown below:

	July	August	September	October
Budgeted unit sales	7,300	11,500	14,200	12,100

All sales are on credit with 40% collected in the month of the sale and 60% in the following month. The expected cash collections for August is closest to:

A) $551,880

B) $579,600

C) $919,800

D) $1,131,480

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