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Answer is complete but not entirely correct. Wright Lighting Fixtures forecasts its sales in units for the next four months as follows: Wright maintains an

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Answer is complete but not entirely correct. Wright Lighting Fixtures forecasts its sales in units for the next four months as follows: Wright 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) refiects this policy. Materiais cost $8 per unit and are paid for in the montr after production. Labor 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. The firm produced 30,000 units in February. Complete a production schedule and a summary of cash payments for March, April, and May. Remember that production in any one month is equal to sales plus desired ending inventory minus beginning inventory. Note: Input all amounts as positive values except Beginning inventory volues under Production Schedule which should be entere with a minus sign. Leave no cells blank be certain to enter O wherever required

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