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Raw materials to be purchased (pounds) Morganton Company makes one product...

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Accounting

Raw materials to be purchased (pounds)
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Morganton Company makes one product and provided the following information to help prepare its master budget: 29,000,31,000 and 32,000 units, respectively. All sales are on credit b. Thirty percent of credit sales are collected in the month of the sale and 70% in the following month. c. The ending finished goods inventory equals 20% of the following month's unit sales: finished goods requires 4 pounds of raw materials. The raw materials cost$2,50 per pound. e. Thirty percent of raw materials purchases are paid for in the month of purchase and 70% in the following month. f. The direct labor wage rate is $15 per hour. Each unit of finished goods requires two direct labor-hours. 9. The variable selling and administrative expense per unit sold is $1.80. The fixed selling and administrative expense monthis $68,000 5 if 124.800 pounds of raw materials are needed to meet production in August, how many pounds of raw materials should purchased in July

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