The following information apples to the questions displayed below Morganton Company makes one product and it provided the following information to help prepare the master budget for its first four months of operations a. The budgeted selling prce per unit is $70. Budgeted unit sales for June, July, August, and September are 9700, 28,000, 30,000, and 31,000 units, b. 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. c. The ending finished goods inventory e. Thirty t The direct labor wage rate is $15 per hour Each unt of finished goods requires two direct labor-hours equals 20% of the following month's unit sales g raw matenals inventory equals 10% of the following month's raw matenals production needs Each unit of finished goods requires 4 pounds of raw materials. The raw matenals cost $2.50 per pound percent of raw matenals purchases are paid for in the month of purchase and 70% in the following month g The vanable selling and administrative expense per unt sold is $170 The fixed selling and administrative expense per month is $67,000 4. According to the production budget, bow many units should be produced in July? If 120,800 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should be purchased in July? 5. 6. What is the estimated cost of raw materials purchases for July? 7 If the cost of raw material purchases in June is $148,640, what are the estimated cash disbursements for raw materials purchases in July