Homework after class Help Save & Exit Sub Information pertaining to Yekstop Corps sales revenue is presented below. Cash sales Credit Sales Total sales November December January $ 104,000 $133,000 $86,000 296,000 458,000 242,000 5.400,000 $ 591,00 $ 328,000 Management estimates that 5% of credit sales are eventually uncollectible. Of the collectible credit sales. 60% ore likely to be collected in the month of sale and the remainder in the month following the month of sale. The company desires to begin each month with an inventory equal to 70% of the sales projected for the month. All purchases of inventory are on open account 30% will be paid in the month of purchase, and the remainder paid in the month following the month of purchase Purchase costs are approximately 50% of the selling prices Total budgeted cosh collections in January by Yokstop Corp. are Multiple Choice $397.980 13 of 20 !!! Next > Suprey purchase. Purchase costs are approximately 50% of the selling prices Total budgeted cash collections in January by Yekstop Corp. are: Multiple Choice O $397,980. $464,672 $410,660 $490,840.