Morganton Company makes one product and It provided the following information to help

prepare the master budget:

a$.$ The budgeted selling price per unlt is $$70.$ Budgeted unit sales for June, July, August, and

September are $8,400,10,000,12000,$ and $13,000$ units, respectlvely. 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 materlals inventory equals $10\%$ of the following month's raw materlals

production needs. Each unit of finished goods requires $5$ pounds of raw materlals. The raw

materlals cost $$2\mathrm{.}00$ per pound.

e$.$ Thirty percent of raw materlals purchases are paid for In the month of purchase and $70\%$ in the

following month.

f$.$ The direct labor wage rate is $$15$ per hour. Each unlt of finlshed goods requlres two direct

labor$-$hours.

g$.$ The varlable selling and administrative expense per unit sold is $$1\mathrm{.}80.$ The fixed selling and

administratlve expense per month is $$60,000.$

In July what are the total estimated cash disbursements for raw materlals purchases? Assume the cost of raw

materlal purchases in June is $$88,880$; and $61,000$ pounds of raw materlals are needed to meet production In

August.

Total cash disbursements