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 selling price per unit is $110. Budgeted unit sales for January, February, March, and April are 7,500, 10,800, 12,000, and 11,700 units, respectively. All sales are on credit. b. Regarding credit sales, 30% are colected in the month of the sale and 70% in the folong month. C. The ending finished goods inventory equals 30% of the following month's sales. d. The ending raw materials in entory eq als 10% of the following month's raw materia s production needs. Each unit o, fins ed goos requires 5 ounds or raw matenus. The ate a s st $4.00 per pound e Regarding raw materials purchases 40% are paid for in the month of purchase and 60% in the following month. f. The direct labor wage rate is $23.00 per hour. Each unit of finished goods requires 2.6 direct labor-hours g. Manufacturing overhead is entirely variable and is $8.00 per direct labor-hour h. The variable selling and administrative expense per unit sold is $1.70. The fixed selling and administrative expense per month is $70,000 The estimated finished goods inventory balance at the end of February is closest to: $74,880 $362,160 $316,080 $287.280