Luchini Corporation makes one product and it provided the following information to heip prepare the master budget for the next four months of operations: a. The budgeted selling price per unit is $111. Budgeted unit sales for April, May, June, and July are 7100, 10,100, 13,300, and 14,000 units, respectively. All sales ore on credit b. Regarding credit sales, 40% are collected in the month of the sale and 60% in the following month. C. The ending finished goods imventory equals 10% of the following month's sales. d. The ending raw materials inventory equals 30% of the following month's raw materials production needs. Each unit of finished goods requ res 5 pounds of raw materials. The raw materials cost 55.00 perpound. e. Regarding raw materials purchases, 40% are paid for in the month of purchase and 60% in the following month: t. The direct labor woge rate is $18.00 per hour. Each unit of finished goods requires 2.9 direct labor-hours. 9. Variable manufacturing overtiesd is $7.00 per direct lobor-hour. Foxed manufacturing overhead is zero, The estimated finished goods inventory balance at the end of May is closest to: The estimated finished goods inventory balance at the end of May is closest to: Mulliple Choice $102.676 $111.986 $26,999 $129.675