Saved Check my work mode : This shows what is correct or incorrect for the work you have completed so Morganton Company makes one product and it provided the following information to help prepar a. The budgeted selling price per unit is $65. Budgeted unit sales for June, July, August, and Sep 12,000, 14,000, and 15,000 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 mo 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 finished goods requires 5 pounds of raw materials. The raw materials cost $2.00 per pound. e. Twenty percent of raw materials purchases are paid for in the month of purchase and 80% in the f. The direct labor wage rate is $13 per hour. Each unit of finished goods requires two direct labor g. The variable selling and administrative expense per unit sold is $1.30. The fixed selling and admin month is $62,000 14. What is the estimated total selling and administrative expense for July? Answer is complete but not entirely correct. Total selling and administrative expenses $ 80,600