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The Ace Battery Company has forecast its sales in units as follows: January February March 2.500 May 2,350 June 2,509 July 2,800 3,050 3,200 2,900
The Ace Battery Company has forecast its sales in units as follows: January February March 2.500 May 2,350 June 2,509 July 2,800 3,050 3,200 2,900 April Book 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 volue.) amary 25001 2585 2750 Forecasted unit sales Desired ending Inventory Beginning inventory Ace Battery Company Production Schedule February March 2350 2300 2530 3080 3388 April 2800 3355 May 3050 3520 July 2900 3200 3190 Units to be produced 2425 b. Prepare a monthly summary of cash payments for January through June. Ace produced 2.300 units in December
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