Assuming $20,000 represents uncollected november sales. The total cash collected during january by lagrange corporation would be:$331.500.
<h3>Total cash collected</h3>
First step
Total Credit Sales in December= $50,000/40%
Total Credit Sales in December= $125,000
Second step
Total cash collected during January = Cash sales of January + (60% x Credit sales of January) + (30% x Credit sales of December)+ Uncollected November sales
Let plug in the formula
Total cash collected during January = $70,000 + (60% x $340,000) + (30% x $125,000) + $20,000
Total cash collected during January=$70,000+204,000+37,500+$20,000
Total cash collected during January=$331,500
Inconclusion the total cash collected during january by lagrange corporation would be:$331.500.
Learn more about Total cash collected here:brainly.com/question/17270007
