Data Year 2 Quarter Year 3 Ouarter Budgeted unit sales 50,000 110,000 70,000 90,000 90,000 $7 per unit 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 firished goods inventory is Finished goods inventory, beginning Raw materials required to produce one unit Desired ending inven.ory of raw materials is Raw materials inventary Raw material costs Raw materials purchases are pa 565,000 25% 30% of the budgeted unit sales of the next quarter 12000 units 5 pounds 10% of the next quarter's production needs 23,000 pounds 0.80 per pound id 60% in the quarter the purchases are made 40% in the quarter following purchase Accounts payable for raw materials, beginning balance 581,500 Enter a formula into each of the cells marked with a? below Review Problem: Budget Schedules Construct the sales budget Budgeted unit sales Year 2 Quarter Year 3 Quarter 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 Construct the production budget Year 2 Quarter Year 3 Quarter Year Budgeted unit sales Add desired finished goods i Total needs Less beginning Required productian Construct the raw materials purchases budget Year 2 Quarter Year 3 Quarter Year Required productian (units) Raw materials required to produce one unit Production needs (pounds) Add desired ending inventory of raw Total needs (pounds) Less beginning inventory of raw materials (pounds) Raw materials to be purchased Cost of raw materials per pound Cost of raw materials to be purchased Construct the schedule of expected cash payments Year 2 Quarter Year Accounts payable, beginning balance First-quarter purchases Second-quarter purchases Total cash disbursements