Esquire Products Inc. expects the following monthly sales:

January	$	45,000	July	$	39,000
February		36,000	August		43,000
March		29,000	September		46,000
April		31,000	October		51,000
May		25,000	November		59,000
June		23,000	December		41,000
Total sales = $468,000

Cash sales are 40 percent in a given month, with the remainder going into accounts receivable. All receivables are collected in the month following the sale. Esquire sells all of its goods for $2 each and produces them for $1 each. Esquire uses level production, and average monthly production is equal to annual production divided by 12.

a. Generate a monthly production and inventory schedule in units. Beginning inventory in January is 29,000 units. Esquire Products Inc. Production and Inventory Schedule in Units Beginning Production Sales Ending Inventory 29,000 anuary February March April June July August September October November December b. Prepare a cash receipts schedule for January through December, Assume that dollar sales in the prior December were $20.000 Esquire Products Inc. Cash Receipts Schedule January February March April June Cash receipts Cash sales Prior month's credit sales Total cash receipts