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Review View Help you need to edit, it's safer to stay in Protected View. Enable Editing lestion 5.1 (Total: 30 marks) For the second quarter of the following year Cloaks Company has projected sales and production in units as follows: Jan Feb Mar Sales 49,000 51,000 56,000 Production 53,000 48,000 49,000 Cash-related production costs are budgeted at $7 per unit produced. Of these production costs, 35% are paid in the month in which they are incurred and the balance in the next month. $95,000 per month will account for Selling and administrative expenses. On January 31, the accounts payable balance totals $185,000, which will be paid in February