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 Part 6 of 15 a. The budgeted selling price per unit is $65. Budgeted unit sales for June, July, August, and September are 9,300, 24,000, 26,000, and 27,000 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 polnts month C. The ending finished goods inventory equals 30% of the following month's unit sales d The ending raw materials inventory equals 20% of the following month's raw materials Skipped production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.50 per pound the following month labor-hours administrative expense per month is $63,000 eBook e. Thirty percent of raw materials purchases are paid for in the month of purchase and 7 f. The direct labor wage rate is $14 per hour. Each unit of finished goods requires two direct g The variable selling and administrative expense per unit sold is $190. The fixed selling and 0% in Print References Foundational 8-6 6. What is the estimated cost of raw materials purchases for July