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The Ace Battery Company has forecast its sales in units as follows : January February MarchApril 2 , 8 0 0 May 2 , 6

The Ace Battery Company has forecast its sales in units as follows : January February MarchApril 2,800 May 2,650 June 2,600 July 3,1003,3503,5003,200 Ace always keeps an ending Inventory equal to 140 percent of the next month's expected sales . The ending Inventory for December ( January's beginning Inventory )3,920 units , which is consistent with this policy . Materials cost $ 11 per unit and are paid for in the month after production . Labour cost $ 4 per unit and paid in the month the cost Incurred Overhead costs are $ 16,000 per month . Interest of $ 10,000 scheduled to be paid in March , and employee bonuses of $ 15,200 will be paid June . Prepare a monthly production schedule for January through June .( Enter all values as positive value .) Ace Battery Company Production Schedule February March January April May June July 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 2,600 units in December Ace Battery Company Summary of Cash payments February March December January April May June Units produced Material Labour cost Overhead cost Interest Employee bonuses Total cash payments

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