Data Budgeted unit sales Selling price per unit 1 Chapter 8: Applying Excel 2 3 Data A Year 2 Quarter Year 3 Quarter 2 95,000 1 50,000 2 70,000 110,000 3 4 1 70,000 80,000 $7 4 5 Budgeted unit sales 6 7 Selling price per unit 8 Accounts receivable, beginning balance 9 Sales collected in the quarter sales are made 10 B C E F G 1 2 3 4 50,000 70,000 110,000 70,000 $ 7 per unit 65,000 75% 11 12 . . Sales collected in the quarter after sales are made Desired ending finished goods inventory is Finished goods inventory, beginning 13 Raw materials required to produce one unit 14 Desired ending inventory of raw materials is 15 Raw materials inventory, beginning 16 Raw material costs 17 Raw materials purchases are paid 18 and . 19 Accounts payable for raw materials, beginning balance 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 3 Quarter 1 2 80,000 95,000