FILE INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW ACROBAT HOME X Cut - A = = General Arial - 10 BIU. 3- A A- Wrap Text Merge & Center - Paste 3 # $ % 18.99 * Format Painter Clipboard 6 X Font Alignment Number F41 V for G 1 Chapter 8: Applying Excel 3 Data Year 2 Quarter 60.000 100.000 Year 3 Quarter 70,000 80,000 5 Budgeted unit sales 40.000 50,000 7 .Selling price per unit 58 per unit 8 - Accounts receivable beginning balance $65,000 9 - Sales collected in the quarter sales are made 10 - Sales collected in the quarter after sales are made 25% 11 Desired ending finished goods inventory is 30% of the budgeted unit sales of the next quarter 12 Finished goods inventory beginning 12000 units 13 - Raw materials required to produce one unit 5 pounds 14 Desired ending inventory of raw materials is 10% of the next quarter's production needs 15 - Raw materials inventory beginning 23 000 pounds 16 - Raw material costs $0.80 per pound 17 - Raw materials purchases are paid 60% in the quarter the purchases are made 40% in the quarter following purchase 19 - Accounts payable for raw materials, beginning balan: 581.500 21 Enter a formula into each of the cells marked with a below 22 Construct the raw materials parchases budget Year 2 Quarter Year 3 Quarter 24 Required production (units) 25 Raw materials required to produce one unit 26 Production needs pounds) 27 Add desired ending inventory of raw materials pounds 23 Tot needs pounds) 29 Less beginning inventory of raw materiais (pounds) 30 Raw materials to be purchased 31 Cost of raw materials per pound 2 Cost of mats to be purchased Chapter Form BEACH