Required information [The following information applies to the 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 $70. Budgeted unit sales for June, July, August, and September are 8,500 , 16,000,18,000, and 19,000 units, respectively. Alt sales are on credit. b. Forty percent of credit sales are collected in the month of the sale and 60% in the following month. c. The ending finished goods inventory equals 20% of the following month's unit 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 faw materials cost $2.00 per pound. e. Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month. t. The direct labor wage rate is $13 per hour. Each unit of finished goods requires two direct labor-hours. 9. The variable selling and administrative expense per unit sold is $1.70. The fixed selling and administrative expense per month is $66,000. 7. In July what are the total estimated cash disbursements for raw moterials purchases? Assume the cost of raw material purchases in June is $106,400; and $91,000 pounds of raw materials are needed to meet production in August