Tsosie Corporation makes one product and it provided the following information to help prepare the master budget for the next four months of operations: > The budgeted selling price per unit is $103. Budgeted unit sales for April, May, June, and July are 9,300, 11,300, 9,800, and 12,800 units, respectively. All sales are on credit. > Regarding credit sales, 20% are collected in the month of the sale and 80% in the following month. > The ending finished goods inventory equals 10% of the following month's sales. > The ending raw materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 2 pounds of raw materials. The raw materials cost $4.00 per pound. > Regarding raw materials purchases, 10% are paid for in the month of purchase and 90% in the following month. > The direct labor wage rate is $20.00 per hour. Each unit of finished goods requires 2.7 direct labor-hours. > The variable selling and administrative expense per unit sold is $3.70. The fixed selling and administrative expense per month is $80,000.