Homework: Chapter 10 Homework HW Score: 33.93%, 7.13 of 21 pts 4 of 70 complete) Score: 0 of 3 pts P10-58 (similar to) n Septamber, MEE Company, a merchandising frm that sels one product, assembled the folowing information and estimates to prepare a emaining 90% during the morth following puchaso. Merchandse purchases for September are estmated to be $744.000 and he purchase cost per unit is $ Question Help budget for Oetober Expected sales are 44,000 units at a price of $30 per unit. The cost of merchandise are estimated at $335,000, of which $22 000 is depreciation. The Octobert e morn of-chase, and pay, he is expected to be $14 per unit. Selling and admiristrative expenses oolected in the hr sale Expected salos fr September.re sa30.000 Thecor vary pays for 10% of its merchandse purchases aring th cost per unit is 514 All other outof-pocket expenses are paid for in cash Read the reaemen or statement of estimated cash fows for October for the company. Leave unused oels biank Use a parentheses or a minus sign for a net Requirement ( a) MEE plans to purchase 35,000 units of menchandise in October Prepere a cash budget cash outflow) Cash infows Collections from October sale Cash ouflows Payments for Sing and atministraive mpenses Net cash flow Opening cash Ending cash