Accounts

ment #3 The Boswell Corporation forecasts its sales in units for the next four months as follows: 31,000 33,000 30,500 29,000 June Boswell maintains an ending inventory for each month in the amount of three times the expected sales in the following month. The ending inventory for February (March's beginning inventory) reflects this policy. Materials cost $8 per unit and are paid for in the month after production. Labour cost is $12 per unit and is paid for in the month incurred. Fixed overhead is $24,500 per month. Dividends of $22,500 are to be paid in May Thirty thousand units were produced in February a. Complete a production schedule for March, April, and May. (Enter all values as positive value.) Boswell Corporation Production Schedule Forecasted unit Sales Desired ending inventory Beginning inventory Units to be produced b. Complete a summary of cash payments for March April, and May. Boswel Corporation Cash Payments February Mard Units produced Materials Labour Fixed overhead Didends