Required information The following information apples to we questions displayed below] 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. Julv. Aunust and Sentimher and gen. b. Thity percent of cred t sales are collected in the month of the sale and 70% in the followng month c. The ending finished goods inventory equals 20% of the folfowing month's unit sales. d The ending raw materiais inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials: The raw materiale cost $250 pet pound. E Tinty percent of raw materials purchases are paid for in the month of purchase and 70 sin the following month. 1. The drect labor wage rate is $15 per hour Each unit of inished goods requires two direct labor-hours. 9. The varlable selling and administrative expense per unit sold is $1.80. The fixed selling and administrative expense per month is $68,000 If 124,800 pounds of raw materfals are needed to meet production in August, how many pounds of raw moterials should be utchased in July