The controller of X Company estimates sales and production for
the first four months of 2016 as follows: January February March
April Sales $30,200 $39,000 $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...