The Ace Battery Company has forecast its sales in units as follows: January 2,600 May 3,150 February 2,450 June 3,300 March 3,000 2,400 July 2,900 April Ace always keeps an ending inventory equal to 120 percent of the next month's expected sales. The ending inventory for December (January's beginning inventory) is 3,120 units, which is consistent with this policy Materials cost $15 per unit and are paid for in the month after production. Lobour cost is $8 per unit and is paid in the month the cost is incurred. Overhead costs are $15,000 per month. Interest of $9,800 is scheduled to be paid in March, and employee bonuses of $15,000 will be paid in June. a. Prepare a monthly production schedule for January through June. (Enter all values as positive value.) a. Prepare a monthly production schedule for January through June. (Enter all values as positive value.) Ace Battery Company Production Schedule January February March April May Forecasted unit sales TER Desired ending inventory Beginning inventory June July 110) Units to be produced May June b. Prepare a monthly summary of cash payments for January through June. Ace produced 2,400 units in December Ace Battery Company Summary of cash payments December January February March April Units produced Material cost Labour cost Overhead cost Interest Employee bonuses 5 $ $ Total cash payments