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 $70. Budgeted unit sales for June, July, August, and September are 8,800, 19,000, 21,000, and 22,000 units, respectively. All sales are on credit.
b. 30% 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 materials inventory equals 10% of the following month's raw materials production needs. Each unit of finished goods requires 5 kilograms of raw materials. The raw material cost $2.40 per kilogram.
e. 25% of raw materials purchases are paid for in the month of purchase and 75% in the following month.
f. The direct labour wage rate is $12 per hour. Each unit of finished goods requires 2 direct labour-hours.
g. The variable selling and administrative expense per unit sold is $2.00. The fixed selling and administrative expense per month is $69,000.

Questions (show workings):
9) What is the estimated raw materials inventory balance at the end of july?
11) If the company always uses an estimated predetermined plantwide overhead rate of $10 per direct labour hour, what is the estimated unit product cost?
12) What is the estimated finished goods inventory balance at the end of July?