West Company's budgeted sales and direct materials purchases are as follows.

Budgeted Sales Budgeted D.M. Purchases

January $190,000 $30,000

February 210,000 35,000

March 300,000 45,000

West's sales are 40% cash and 60% credit. Credit sales are collected 10% in the month of sale, 50% in the month following sale, and 36% in the second month following sale; 4% are uncollectible. West's purchases are 50% cash and 50% on account. Purchases on account are paid 60% in the month of purchase, and 40% in the month following purchase.

Instructions

(a) Prepare a schedule of expected collections from customers for March.

(b) Prepare a schedule of expected payments for direct materials for March.