Required information The Foundational 15 (Algo) [LO8-2, L08-3, LO8-4, LO8-5, LO8-7, LO8-9, LO8-10] [The following information applies to the questions displayed below] Morganton Company makes one product and it provided the following information to help prepare 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 sales are on credit. b. Forty percent of credit sales are collected in the month of the sale and 60% in the following moldh c. The ending finished goods inventory equals 20% of the following 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 5 pounds of raw materials. The raw materials cost $200 per pound. e. Thirty percent of raw materials purchases are pasd for in the month of purchase and 70% in the following 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 sold is $1.70. The fixed selling and administrative expense per month is $66,000. 9. The variable selling and administrative expense per unit sold is $170. The fixed selling month is $66,000. =oundational 8-5 (Algo) If 91,000 pounds of raw materials are needed to meet production in August, how many pounds of raw Materials should be urchased in July