Question: please only answer if you know 100% right answer thankyou The controller of Harrington Company estimates sales and production for the first four months of

please only answer if you know 100% right answer thankyou  please only answer if you know 100% right answer thankyou The
controller of Harrington Company estimates sales and production for the first four
months of 2016 as follows: January February March April Sales $30,200 $19,000
$55,000 $25,900 Production in units 1,010 1,670 2,140 2,510 Sales are 40%
cash and 60% on account, and 60% of credit sales are collected
in the month of the sale. In the month after the sale,
40% of credit sales are collected. It takes 4 kg of direct
material to produce a finished unit, and direct materials cost $5 per

The controller of Harrington Company estimates sales and production for the first four months of 2016 as follows: January February March April Sales $30,200 $19,000 $55,000 $25,900 Production in units 1,010 1,670 2,140 2,510 Sales are 40% cash and 60% on account, and 60% of credit sales are collected in the month of the sale. In the month after the sale, 40% of credit sales are collected. It takes 4 kg of direct material to produce a finished unit, and direct materials cost $5 per kg. Al direct materials purchases are on account, and are paid as follows: 40% in the month of the purchase, 60% the following month Ending direct materials inventory for each month is 40% of the next month's production needs. January's beginning materials inventory is 1,616 kg. Suppose that both accounts receivable and accounts payable are zero at the beginning of January, Answer the following questions: What are the total cash sales for the January-March quarter? Total cash sales 20,080 What is the accounts receivable balance at the end of March? Accounts receivable balance $ (c) What is direct materials inventory balance at the end of March? Direct materials inventory balance kg (d) What are material purchases costs for February? Material purchases for February $ What are cash payments on account for February? (Round answer to 0 decimal places, e.g. 125.) Cash payments on account $ () Your answer is correct. What is the ending balance in accounts payable for March? (Round answer to 0 decimal places, e.g. 125.) Ending balance in accounts payable (g) Your answer is correct. What is the cash balance for the period January-March? (Round answer to 0 decimal places, e.g. 125.) Cash balance $

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