Pet Corporation make one product and it provided the following information to help prepare the master budget for the next four months of options The budgeted selling price per unit is $110. Budgeted unit sales for January February March and Apr are 2500, 10,600 12,000, and 11700 units, respectively. All sales are on credit Regarding credit sales, 30% are collected in the month of the sale and 70% in the following month c. The ending frished goods inventory equals 30% of the following month's sales The ending raw materials inventory eqush 10% of the following month's meals production needs. Each unit of fished goods requires 5 pounds of raw mat Regarding raw materials purchases, 40% are paid for in the month o purchase and 60% in the following month The direct labor wage rate is $23.00 per hour Each unit of fished goods requires 26 direct labor hours 9 Manufacturing overhead is entirely variable and is $8.00 per direct labor hour The variable selling and administrative expense per unit sold is $170. The fed selling and dive expense per month is $70,000 If the company estimates that it will need 59.550 pounds of raw material to satisfy production needs in March t The raw materials cost $4.00 per pound materials inventory balance at the end of February should be dosest to