ue Required Information 00 points The following information applies to the questions displayed below.] What is the estimated accounts payable balance at the end of July? 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 price per unlt is $70. Budgeted unlt sales for June, July, August, and September are 9,100, 22,000, 24,000, and 25,000 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 eBook & Resources 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 eBook Prepare a budgeted balance sheet production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.50 per pound eBook Prepare a direct materials budget including a schedul e. Forty percent of raw materials purchases are paid for in the month of purchase and 60% production budget in the following month t. The direct labor wage rate Is $12 per hour. Each unit of finished goods requires two direct eBook Prepare a selling and administrative expense budget labor-hours. g. The variable seling and administrative expense per unit sold is S1.70. The fxed selling and administrative expense per month is $61000