Morganton Company makes one product and provided the following information to help prepare its master budget:

a$.$ The budgeted selling price per unit is $$60.$ Budgeted unit sales for June, July, August, and September are $8,900,20,000,22,000,$ and $23,000$ units, respectively. 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 materials inventory equals $10\%$ of the following month's raw materials production needs. Each unit of finished goods requires $5$ pounds of raw materials. The raw materials cost $$2\mathrm{.}50$ per pound.

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

f$.$ The direct labor wage rate is $$13$ per hour. Each unit of finished goods requires two direct labor$-$hours.

g$.$ The variable selling and administrative expense per unit sold is $$1\mathrm{.}50.$ The fixed selling and administrative expense per month is $$70,000.$

$7.$ In July what are the total estimated cash disbursements for raw materials purchases? Assume the cost of raw material purchases in June is $$150,600$; and $111,000$ pounds of raw materials are needed to meet production in August.

Total cash disbursements

finished goods requires $5$ pounds of raw materials. The raw materials cost $$2\mathrm{.}50$ per pound.

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

f$.$ The direct labor wage rate is $$13$ per hour. Each unit of finished goods requires two direct labor$-$hours.

g$.$ The variable selling and administrative expense per unit sold is $$1\mathrm{.}50.$ The fixed selling and administrative expense per month is $$70,000.$

If $111,000$ pounds of raw materials are needed to meet production in August, what is the estimated raw materials inventory balance at the end of July?

Raw material inventory balance

y$.$ The vandule seming and administrative expense per unit sold is $$1\mathrm{.}50.$ The fixed selling and administrative expense per month is $$70,000.$

If $111,000$ pounds of raw materials are needed to meet production in August, what is the estimated accounts payable balance at the end of July?

Accounts payable