enter formulas in all cells that contain question marks and show formulas for each cell.

For example, in cell B26 enter the formula "= B5".

Check your worksheet by changing the budgeted unit sales in Quarter 2 of Year 2 in cell C5 to 75,000 units. The total expected cash collections for the year should now be $2,085,000. If you do not get this answer, find the errors in your worksheet and correct them.

1 Chapter 8: Applying Excel 3 Data 4 5 Budgeted unit sales Year 2 Quarter Year 3 Quarter 40,000 60,000 100,000 50,000 70,000 80,000 7 Selling price per unit 8Accounts receivable, beginning balance 9Sales collected in the quarter sales are made 10Sales collected in the quarter after sales are made 11 Desired ending finished goods inventory is 12. Finished goods inventory, beginning 13Raw materials required to produce one unit 14Desired ending inventory of raw materials is 15 .Raw materials inventory, beginning 16Raw material costs 17Raw materials purchases are paid 18 and 19.Accounts payable for raw materials, beginning balance $8 per unit $65,000 75/o 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 50.80 per pound 60% in the quarter the purchases are made 40% in the quarter following purchase $81,500 47 Construct the raw materials purchases budget 48 49 Required production (units) 50 Raw materials required to produce one unit 51 Production needs (pounds) 52 Add desired ending inventory of raw materials (pounds) 53 Total needs (pounds) 54 Less beginning inventory of raw materials (pounds) 55 Raw materials to be purchased 56 Cost of raw materials per pound 57 Cost of raw materials to be purchased 58 59 Construct the schedule of expected cash payments 60 61 Accounts payable, beginning balance 62 First-quarter purchases 63 Second-quarter purchases 64 Third-quarter purchases 65 Fourth-quarter purchases 66 Total cash disbursements 67 Year 2 Quarter Year 3 Quarter Year Year 2 Quarter Year