The Ace Battery Company has forecast its sales in units as follows: January February 1,100 May 1, 650 950 March June 1, 800 900 April July 1,400 1, 500 Ace always keeps an ending inventory equal to 130 percent of the next month's expected sales. The ending inventory for December (January's beginning inventory) is 1,430 units, which is consistent with this policy. Materials cost $12 per unit and are paid for in the month after production. Labour cost is $5 per unit and is paid in the month the cost is incurred. Overhead costs are $7,500 per month. Interest of $8,300 is scheduled to be paid in March, and employee bonuses of $13,500 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 January February March April May Forecasted unit sales 1100 950 June 900 1400 July 1650 1800 1500 Desired ending inventory Beginning inventory Units to be producedb. Prepare a monthly summary of cash payments for January through June. Ace produced 900 units in December. Ace Battery Company December Summary of Cash payments January Units produced February March April May June Material cost Labour cost Overhead cost Interest Employee bonuses Total cash payments 's $