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Fill in the question marks with the appropirate formulas and show these. Year 2 Quarter Year 3 Quarter 60,000 100,000 70,000 58 per unit balance
Fill in the question marks with the appropirate formulas and show these.
Year 2 Quarter Year 3 Quarter 60,000 100,000 70,000 58 per unit balance Sales collected in the quarter sales are made Sales collected in the quarter after sales are made Desired ending finished goods inventory is 30% of the bud unit sales of the next quarter Raw materials required to produce one unit Desired ending inventory of raw materials is 10% of the next quarter's production needs 60% in the quarter the purchases are made 40% in the quarter following purchase Accounts payable for raw materials, beginning balance Enter a formula into each af the cels marked with a? beioW Year 3 Ouarter Construct the schedule of expected cash collections Year 2 Quarter Second-quarter sales Year 2 Quarter Year 3 Ouarter Construct the raw materials purchases budget Year 2 Quarter Year 3 Quarter Year Raw materials required to produce one unit Add desired ending inventory of raw Less beginning inventory of raw materials (pounds) Raw materials to be purchased Cost of raw materials to be purchased Construct the schedule of expected cash payments Accounts payable, beginning balance Second-quarter purchases Year 2 Quarter YearStep by Step Solution
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