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Motganton Company makes one product and at provided the fotlowang information to hep prepare the master buedget a. The bedgeted seiling price per unit is $60 Budgeted init sales for hint, Juy. August and Seprember are 9800 . 29000,31000 , and 32000 whits, respectively Ae soles are on ciedt. b. Thirty percent of credit sales are collected in the month of the sale and 705 in the following month 5. The ending finished goods inventory equols 20\% of the following months unit salos d. The ending rew matetials irwentory equals 10 Ss of the fotlowing month's raw materials producton heeds Each unit of tintehed goods requites 4 pounds of raw materiaks. The raw materials cost 5250 per pound e. Thirty peicent of rew materiats purcheses ace poid for th the mocth of purchase and 70 in in the following month 1. The direct labor wage raee is 515 per hout Each unst of tintived goods receires two drect labor hours 9. The varieble selang and administiative expense per unit told is $180. The fived selling and mininistrative expense per thonth is $68,000 Foundational 8-9 (Algo) 9. H1 124800 poinds of thw materials are needed to meet production in August, what is the estimeted row matenah imentory belance at the ehd of Jily? Answer is complete bet not entirely cotrect

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