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The Boswell Corporation forecasts its sales in units for the next four months as follows: Boswell maintains an ending inventory for each month in the

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The Boswell Corporation forecasts its sales in units for the next four months as follows: Boswell maintains an ending inventory for each month in the amount of two and one-haif times the expected sales in the following month. The ending inventory for February (March's beginning inventory) reflects this policy. Materials cost $7 per unit and are paid for in the month after production. Labour cost is $11 per unit and is paid for in the month incurred. Fixed overhead is $21,500 per month. Dividends of $21,900 are to be paid in May. Twenty four thousand units were produced in February. a. Complete a production schedule for March, April, and May. (Enter all values as positive value.) b. Complete a summary of cash payments for March, April, and May

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