Question: I really need help on this one Data Year 2 Quarter Year 3 Quarter Budgeted unit sales 40,000 60,000 100,000 50,000 70,000 80,000 Selling price

I really need help on this one
Data Year 2 Quarter Year 3 Quarter Budgeted unit sales 40,000 60,000 100,000 50,000 70,000 80,000 Selling price per unit $8 per unit $65,000 Accounts receivable, beginning balance Sales collected in the quarter sales are made 75% Sales collected in the quarter after sales are made 25% 30% of the budgeted unit sales of the next quarter Desired ending finished goods inventory is Finished goods inventory, beginning 12,000 units 5 pounds Raw materials required to produce one unit 10% of the next quarters production needs Desired ending inventory of raw materials is Raw materials inventory, beginning 23,000 pounds Raw material costs $0.80 per pound Raw materials purchases are paid 60% in the quarter the purchases are made and 40% in the quarter following purchase Accounts payable for raw materials, beginning balance $81,500 Enter a formula into each of the cells marked with a 2 below Review Problem: Budget Schedules Construct the budget sales Year 2 Quarter ear 3 Quarter Budgeted unit sales Selling price per unit Total sales Year 2 Quarter Construct the schedule of expected cash collections 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 1 2 3 4 Year 1 2 Budgeted unit sales Add desired finished goods inventory Total needs Less beginning inventory Required production
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