The controller of Wildhorse Company estimates sales and production for the first four months of 2022 as follows: Sales Production in units January $28,300 900 February March $38,300 $48,400 1,600 2,000 April $23,400 2,300 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 materials to produce a finished unit, and direct materials cost $5 per kg. All direct materials purchases are on account, and are paid as follows: 40% in the month of the purchase and 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 1,150 kg. Suppose that both accounts receivable and accounts payable are zero at the beginning of January.

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