Required information (The following information applies to the questions displayed below) Morganton Company makes one product and it provided the following information to help arepare the 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. All soles 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 imventory equals 20% of the following month's unit sales d. The ending raw moterials inventory equols 10% of the folowing month's raw moterials production needs Each unit of finished goods requires 5 pounds of raw materlals. The raw materials cost $2.00 pec pound. e. Thirty percent of raw materials purchases are paid for in the month of purchase and 708 , in the foltowing month. f. 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 soid is $170. The fowed selling and administrative expense per month is $66,000 11. If we assume that there is no fixed manufacturing overhead and the variable manufacturing overhead is 58 per direct iabor: hour, what is the estimated unit product cost? (Round your answer to 2 decimal places)