if 108,800 pounds of raw materials are needed to meet production in august, how many pounds of raw materials should be purchased in july?

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Required information [The following information ppplies to the questions displayed below] Morganton Company makes one product and provided the following information to help prepare its master budget: 3. The budgeted seling price per unit is $70. Budgeted unit sales for June, July. August, and September are 9,400 . 25,000, 27,000, and 28,000 units, respectively, All sales are on credit. b. Thirty percent of credit sales are collected in the month of the sale and 70% 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 4 pounds of raw materlals. The raw materlats cost $2.50 per pound. e. Twenty percent of raw materials purchases are paid for in the month of purchase and 80% in the following month. f. The direct labor wage rate is $15 per hour. Each unit of finished goods requires two direct labor-hours. 9. The variable selling and administrative expense per unit sold is $2.00. The fixed selling and administrative expense per month is $64,000