70,000per month Fixed selling and administrative expense Credit sales are collected: 40% in the month of the sale 60% in the following month Raw materials purchases are paid: 30% in the month of purchase 70% in the following month The ending finished goods Inventory should equal 20% of the following month's sales. The ending raw materials inventory should equal 30% of the following month's raw materials production needs. The budgeted required production for August is closest to: 11,120 units 11,300 units 15.640 units 13,380 units 92 Budgeted selling price per unit Budgeted unit sales (all on credit): July August September October 9,000 11,300 10,400 10,800 4pounds 1.00per pound 2.8direct labor-hours 22.00 per direct labor- hour Raw materials requirement per unit of output Raw materials cost $ Direct labore requirement per unit of output Direct labor wage rate Variable selling and administrative expense Fixed selling and administrative S expense Credit sales are collected: 40% in the month of the sale 60% in the following month 1.50per unit sold 70,000per month Raw materials purchases are paid: 30% in the month of purchase 70% in the following month The ending finished goods inventory should equal 20% of the following month's sales. The ending raw materials inventory should equal 30% of the following month's raw materials production needs. The budgeted required production for August is closest to: 10