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i need help Morganton Company makes one product and it provided the following information to help prepare the master budget: a. The budgeted selling price

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Morganton Company makes one product and it provided the following information to help prepare the master budget: a. The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 9,500 , 26,000,28,000, and 29,000 units, respectively. All sales are on crecit. 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 25% of the following month's unit sales. d. The ending raw materials inventory equals 15% of the following month's raw materiais production needs. Each unit of finished goods requires 4 pounds of raw materiais. The raw moterials cost $2.40 per pound. e. Forty percent of raw materials purchases are paid for in the month of purchase and 60% in the following month. 1. The direct labor wage rate is $12 per hout. Each unit of tinished goods requires two direct labor-hours. 9. The variable selling and administrative expense per unit sold is $1.50. The fixed seling and administrotive expense per month is $65,000. 9. If 113,000 pounds of raw materiais are needed to meet production in August, what is the estimated raw materiais inventary balance at the end of July

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