Problem 4-23 Schedule of cash payments [LO4-2] The Volt Battery Company has forecast its sales in units as follows: January 1,700 February 1,550 March 1,500 April 2,000 May 2,250 June July 2,400 2,100 Volt Battery always keeps an ending inventory equal to 110 percent of the next month's expected sales. The ending inventory for December (January's beginning inventory) is 1,870 units, which is consistent with this policy. Materials cost $12 per unit and are paid for in the month after purchase. Labor cost is $5 per unit and is paid in the month the cost is incurred. Overhead costs are $10,500 per month. Interest of $8,900 is scheduled to be paid in March, and employee bonuses of $14,100 will be paid in June. a. Prepare a monthly production schedule for January through June. Activate Windowe