Panther Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: > The budgeted selling price per unit is $94. Budgeted unit sales for April May June, and July are 8,000, 0, 900, 10,100, and 15,200 units, respectively. All sales are on credit. > Regarding credit sales, 40% are collected in the month of the sale and 60% in the following month. > The ending finished goods inventory equals 30% of the following months sales. > The ending raw materials inventory equals 40% of the following monthis raw materials production needs. Each unit of finished goods requires 2 pounds of raw materials. The raw materials cost $1.00 per pound. > Regarding raw materials purchases, 10% are paid for in the month of purchase and 90% in the following month. > The direct labor wage rate is $23.00 per hour. Each unit of finished goods requires 2.4 direct labor-hours. Required a. What are the budgeted sales for May? b. What are the expected cash collections for May? c. What is the budgeted accounts receivable balance at the end of May? d. According to the production budget, how many units should be produced in May? e. If 23,260 pounds of raw materials are needed for production in June, how many pounds of raw materials should be purchased in May