River Valley Enterprises has forecasted it unit sales for the next four months as follows. June July August September 350 250 300 500 Ending inventory for each month is maintained at 60 percent of expected sales for the next month. The ending inventory for May (June's beginning inventory) is consistent with this policy. Cost for materials is $60 per unit and is paid in the month following production. Labour costs are $180 per unit and paid for in the production month. Fixed overhead is $5,500 per month. Four hundred units were produced in May. Prepare a production schedule and a summary of cash payments for June, July and August using the schedules given. Forecasted unit sales Units to be produced May Units produced 400 Total cash payments River Valley Enterprises Production Schedule June July August September 350 250 300 500 Cash Payments Schedule June July August