Antonio Banderos & Scarves makes headwear that is very popular in the fall-winter season. Units sold are anticipated as follows: October Monthly Unit Sales 1,200 November 2,200 December 4,400 January 3,400 11,200 Total units sold If seasonal production is used, it is assumed that inventory will directly match sales for each month and there will be no inventory buildup. However, Antonio decides to go with level production to avoid being out of merchandise. He will produce the 11,200 items over four months at a level of 2,800 per month. a. What is the ending inventory at the end of each month? Compare the unit sales to the units produced and keep a running total. October November December January Ending Inventory 1,600 units 2,200 units 600 units units b. If the inventory costs $5 per unit and will be financed at the bank at a cost of 12 percent, what is the monthly financing cost and the total for the four months? (Use 1 percent as the monthly rate.) Inventory Financing Cost October November $ 80 110 December 30 January Total financing cost S 220