Petrini Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: a. The budgeted seling price per unit is $110. Budgeted unit sales for January, Februaty, March; and Aprit are 7,500, 10,600, 12,000, and 11700 units, respectively. All sales ate on credit b. Regatding credit sales, 30% are collected in the month of the sale and 70% in the following month c. The ending finished goods inventory equats 30 ti of the following month's 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 $4,00 per pound. e. Regarding raw matenals purchases, 40% are paid for in the month of purchase and 60% in the following month. 1. The direct labor wage rate is $2300 per hout Each unit of finished goods requires 2.6 direct Labor-hourk. 0 Manufacturing overhed is entirely variable and is 58.00 per diect laborhour h. The variabie sefing and adminstrative expense per unit sold is $170. The foxed selling and adiministrative expense per month is $70,000 If the company estimates that it will need 59.550 pounds of row matenal to satisfy production needs in March, then the raw materals inventory balance at the end of February should be closest to