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Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations: a.

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Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations: a. The budgeted selling price per unit is $70. Budgeted unit sales for June. July. August. and September are 9.700. 28,000. 30,000. and 31,000 units, respectively. All sales are on credit. b. 40% 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 materials Inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.50 per pound. e. 30% of raw materials purchases are paid for In the month of purchase and 70% In the following month. f. The direct labour wage rate is $15 per hour. Each unit of finished goods requires two direct labour-hours. 9. The variable selling and administrative expense per unit sold is $1.70. The fixed selling and administrative expense per month Is $67.000. Required: What are the budgeted sales for July? Budgeted sales

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