~Assume there is bo fixed manufacturing cost and variable manufacturing overhead is $7 per direct labor hour~

1- what us the estimated unit product cost?

2- what is yge estimated finished goods inventory balance at the end of July?

3- what is the eatimated cost of goods sold and gross margin for July?

4- what is the estimated net operating income for July?

a. The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 8,900 . 20,000,22,000, and 23,000 units, respectively. All sales are on credit: b. Forty percent of credit sales are collected in the month of the sale and 60% in the following month. c. The ending finished goods inventory equals 20% of the following month's unit sales. d. The ending raw materials inventory equals 10% of the following month's raw materials production needs, Each unit of finished goods requires 5 pounds of raw materials. The raw materials cost $2.50 per pound. e. Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month f. The direct labor wage rate is $13 per hour. Each unit of finished goods requires two direct labor-hours. 9. The variable selling and administrative expense per unit sold is $1.50. The fixed selling and administrative expense per month is $70.000