(Question 5 continued) The company maintains ending inventory for each month equal to 40% of next month's sales. The stained glass costs $15 per unit, and purchases for each month are paid for in the following month. Fixed overhead is $10,000 per month, dividends to be paid out in May are $3,000 and amortization per month is $1,000. Actual and forecasted sales (in units) are below: February (actual) March (actual) April May June 900 1,800 2,800 3,500 3,200 c) Complete a purchases schedule for March to May (6 marks): February March April June May 900 1,800 2.800 3,500 3.260 Total Purchases Required Cost per unit Purchases in Dollars d) Complete a cash payments schedule for April and May including accounts payable at May 31 (6 marks): April May Payments for purchases Total Cash Payments May 31 accounts payable