Morganton Company makes one product:The budgeted selling price per unit is $70. Budgeted unit sales for June, July, August, and September are 8,500, 16,000, 18,000, and 19,000 units what is the estimated cost of raw materials purchases for July?

Missing information:

"The ending raw materials inventory equals 10% of the following month’s raw materials production needs. Each unit of finished goods requires 4 pounds of raw materials. The raw materials cost $2.50 per pound."

raw materials needs for July:

Units produced 16,000 x 4 = 64,000 pounds

ending inventory (18,000 x 4) x 10% = 7,200 pounds

- beginning inventory (16,000 x 4) x 10% = 6,400 pounds

total raw materials purchases 64,800 pounds

cost of raw materials for July = 64,800 x $2.50 = $162,000

the first successful, urban blues recording, selling more than 75,000 copies, was made in year 1920.

mamie smith recorded the first commercially successful example of the urban blues,   with the recording of “crazy blues”."crazy blues" was recorded on august 10, 1920, in new york city. within a month of the release of “crazy blues” it had sold 75,000 copies.

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