Question: Please explain how to get every data you may need to get to the result. Thanks. Required Information [The following information applles to the questions

 Please explain how to get every data you may need to

Please explain how to get every data you may need to get to the result. Thanks.

Required Information [The following information applles to the questions displayed below.] Morganton Company makes one product, and has provided the following information to help prepare the master budget for its first four months of operations: a. The budgeted selling price per unit is $60. Budgeted unit sales for June, July, August, and September are 9,800 , 29,000,31,000, and 32,000 units, respectlvely. 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. d. The ending raw materlals Inventory equals 10% of the following month's raw materlals production needs. Each unit of finished goods requires 4 kilograms of raw materlals. The raw materlals cost $2.50 per kllogram. e. Thirty percent of raw materlals purchases are pald for in the month of purchase and 70% in the following month. f. The direct labour wage rate is $15 per hour. Each unit of finished goods requires two direct labour-hours. g. The varlable selling and administrative expense per unit sold is $1.80. The fixed selling and administrative expense per month is $68,000. What is the estimated accounts payable balance at the end of July

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