3 Data 5 Budgeted unit sales 7Selling price per unit Year 2 Quarter 2 60,000 Year 3 Quarter 40,000 100,000 50,000 70,000 80,000 $8 per unit $65,000 8Acco 9Sales collected in the quarter sales are made 10.Sales collected in the quarter after sales are made 11 . Desired ending finished goods inventory is 12Finished goods inventory, beginning 13 .Raw materials required to produce one unit 14 Desired ending inventory of raw materials is 15 Raw materials inventory, beginning 16Raw material costs 17 .Raw materials purchases are paid 18 and 19 Accounts payable for raw materials, beginning balance 20 21 Enter a formula into each of the cells marked with a below 22 Review Problem: Budget Schedules 23 24 Construct the sales budget 25 26 Budgeted unit sales 27 Selling price per unit 28 Total sales 29 30 Construct the schedule of expected cash collections 31 32 Accounts receivable, beginning balance 33 First-quarter sales 34 Second-quarter sales 35 Third-quarter sales 36 Fourth-quarter sales 37 Total cash collections 38 39 Construct the production budget 40 41 Budgeted unit sales 42 Add desired finished goods inventory 43 Total needs 44Less beginning invent 45 Required production unts receivable, beginning balance 75% 25% 30% of the budgeted unit sales of the next quarter 12,000 units 5 pounds 10% of the next quarter's production needs 23,000 pounds $0.80 per pound 60% in the quarter the purchases are made 40% in the quarter following purchase $81,500 Year 2 Quarter Year 3 Quarter Year 2 Quarter Year Year 2 Quarter Year 3 Quarter Year