Matrix 1 Exams - ACC - 102 - 82 4 X 200152 Kboard . learn xythos . prod / 52 343 dec 2942b / 200152 2 response - content - disposition = inline 9 631 Jupont Registry https : / / www . wileyply MyLabs Plus Pearson Blackboard Learn Cambridge , Inc is preparing its master budget for the quarter ended June 30 It sells a single product for $40 each Sales are 60% cash and 40% on credit All credit sales are collected in the month following the sale At March 31 the balance in accounts receivable is $12 000 , which follow represents the uncollected balance on March sales Budgeted sales for the next four months Sales in units . April May June July 800 1009 600 1 , 200 The product cost is $20 per unit , and desired ending inventory is 60% of the following month's ales in units Inventory at March 31 is 480 units Purchases are paid 50% in the month of purchase and 50 % in the following month At March 31 the balance in accounts payable $1 1 000 , which represents the unpaid purchases from March Operating expenses are paid in the month incurred and consist of Commissions ( 10% of sales ) Shipping ( 3/ of sales ) Office salaries ( $3 000 per month ) Rent ( $5 000 per month ) Depreciation is $2 000 per month Prepare the following Budgets for the months of April May and June June (2 0 Qir ) Sales budget Table of cash receipt Merchandise purchases budget Table of cash disbursements for purchases of merchandise Table of cash disbursements for selling and administrative e histrative expenses