London Manufacturing Company Expects the Following Sales in January, February

Multiple Choice

London Manufacturing Company expects the following sales in January, February, and March: The controller has determined that the company collects credit sales as follows: 60% in the month of sale, 30% in the first month after sale, 5% in the second month after sale, and 5% is expected to be uncollectible.How much cash will be collected from customers in March?

A) $291,500
B) $376,500
C) $373,500
D) $410,000