The Ace Battery Company has forecast its sales in units as follows January February March 2,540 May 2.350 June 2.300 July 2,8 3,ese 3,200 2.900 April Ace 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 2.750 units, which is consistent with this policy Materials cost $14 per unit and are paid for in the month after production. Labour cost is $7 per unit and is paid in the month the cost is incurred. Overhead costs are $14,500 per month Interest of $9.700 is scheduled to be paid in March, and employee bonuses of $14,900 will be paid in June a. Prepare a monthly production schedule for January through June (Enter all values as positive value.) Ace battery Company Production Schedule February March July January April Forecasted unit sales Desired ending inventory Beginning inventory units to be produced b. Prepare a monthly summary of cash payments for January through June. Ace produced 2.300 units in December. Ate Battery Company Sunnery of Cash paynents February March Ar 11 May December January $ Units produced Material cost Labour cost Overhead cost Interest Employee bonuses Total cash payments