Year 2 Quarter Year 3 Quarter Data Budgeted unit sales Selling price per unit 50,000 65,000 105,000 65,000 80,000 95,000 $7 1 Chapter 8: Applying Excel 3 Data 4 5 Budgeted unit sales Year 2 Quarter Year 3 Quarter 4 65,000 2 50,000 65,000 105,000 80,000 95,000 $7 per unit 7Selling price per unit 8Accounts receivable, beginning balance 9 . Sales collected in the quarter sales are made 10.Sales collected in the quarter after sales are made 11 . Desired ending finished goods inventory is 12 .Finished goods inventory, beginning 13. Raw materials required to produce one unit 14.Desired ending inventory of raw materials is 15.Raw materials inventory, beginning 16Raw material costs 17.Raw materials purchases are paid 18 and 19 -Accounts payable for raw materials, beginning balance 20 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 $81,500