Data Year 2 Quarter 2 60,000 Year 3 Quarter 2 80,000 Budgeted unit sales 40,000 100,000 50,000 70,000 Selling price per unit Accounts receivable, beginning balance .Sales collected in the quarter sales are made Sales collected in the quarter after sales are made Desired ending finished goods inventory is Finished goods inventory, beginning Raw materials required to produce one unit Desired ending inventory of raw materials is Raw materials inventory, beginning Raw material costs Raw materials purchases are paid $8 per unit $65,000 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 and Accounts payable for raw materials, beginning balance $81,500 Enter a formula into each of the cells marked with a? below Review Problem: Budget Schedules Year 2 Quarter 2 Year 3 Quarter 2 Construct the sales budget Budgeted unit sales Selling price per unit Total sales Construct the schedule of expected cash collections Year 2 Quarter Year Accounts receivable, beginning balance First-quarter sales Second-quarter sales Third-quarter sales Fourth-quarter sales Total cash collections