Problem 4-23 Schedule of cash payments (L04-2] The Volt Battery Company has forecast its sales in units as follows: January 1,900 February 1,750 March 1,789 April 2,200 May 2,450 June 2,600 July 2,300 Volt Battery always keeps an ending inventory equal to 130 percent of the next month's expected sales. The ending inventory for December (January's beginning inventory) is 2.470 units, which is consistent with this policy Materials cost 514 per unit and are paid for in the month after purchase. Labor cost is 57 per unit and is paid in the month the cost is incurred. Overhead costs are $11.500 per month. Interest of 9,100 is scheduled to be paid in March, and employee bonuses of 514.300 will be paid in June. a. Prepare a monthly production schedule for January through June Volt Battery Company Production Schedule February March January April May June July Proded unit sales Deed ending inventory Total is required Burning inventory Uits to be produced 0 0 0 0 0 0 0 b. Prepare a monthly summary of cash payments for January through June. Volt Battery produced 1.700 units in December Volt Battery Company Summary of Cash Payments February March December January April May June Units produced Material cost Labor cost Overhead cost Interest Employee bonuses Total cash payments $ 05 05 $ 0 $ 0 5 0