t provided the following information to help prepare the Morganton Company makes one product and i master budget for its four months of operations (a) The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 9,500, 26,000, 28,000, and 29,000 units, respectively. All sales are on credit. Forty-percent of credit sales are collected in the month of the sale and 60% in the following month The ending finished goods inventory equals 25% of the following month's unit sales The ending raw materials inventory equals 15% of the following month's raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.40 per pound Forty-percent of raw materials purchases are paid for in the month of purchase and 60% in the following month The direct labor wage rate is $12 per hour. Each unit of finished goods requires two direct labor-hours The variable selling and administrative expense per unit sold is $1.50. The fixed selling and administrative expense per month is $65,000 (b) (c) (d) (e) (f) (g) What are the budgeted sales for July? Budgeted sales $