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 rawtmaterials. 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.$

What are the expected cash collections for July?

Total cash collections

What is the estimated production in units for July?

Required production

units

What is the accounts receivable balance at the end of July

Accounts recelvable

$.$ If $111,000$ pounds of raw materials are needed to meet production in August, what is the estimated cost of raw materials purchases for July?

Cost of raw materials to bes purcheand

If $111,000$ pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July?

Raw materials to be purchased

pounds