Blue Has Forecast Sales to Be $410,000 in February,$540,000 in March,$580,000

Multiple Choice

Blue has forecast sales to be $410,000 in February,$540,000 in March,$580,000 in April,and $620,000 in May.The average cost of goods sold is 60% of sales.All sales are made on credit and sales are collected 50% in the month of sale,30% the month following and the remainder two months after the sale.What are budgeted cash receipts in May?

A) $592,000
B) $620,000
C) 310,000
D) $483,334