Requited informetion The Foundational 15 (Algo) [LO8-2, LO8-3, LO8-4, LO8-5, LO8-7, LO8-9, LO8-10] [The following information applies to the questions dispioyici betow/] Morgertion Company riskkes one prodict and a provided the following information fo help prepare the master budgef a. The budgeted selling pnce per unit in $60. Budgeted unit sales for Junt. Joly. August. and September are 9800 . 79.000,31000, and 32.000 unilts, respectively All sales are on credt b. Thiny percert of ceedit sales are collected in the morth of the sate and 705 in the following month. d. The ending taw meterids invertory equals 10 s of the fotowing month's raw materials producton needs Each unit of finished goods requares 4 pounds of tww twaterials. The raw materids cost 5250 per pound 1. The direct labor wage rete is $15 peer hour. Cach unit of trished goods requres two drect labor hourt month is 56,8000 Foundational 8.15 (Algo)