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The Boswell Corporation forecasts its sales in units for the next four months as follows: March April May June 8,000 10,000 7,500 6,000 Boswell maintains
The Boswell Corporation forecasts its sales in units for the next four months as follows: March April May June 8,000 10,000 7,500 6,000 Boswell maintains an ending inventory for each month in the amount of one and one-half times the expected sales in the following month. The ending inventory for February (March's beginning inventory) reflects this policy. Materials cost $5 per unit and are paid for in the month after production. Labour cost is $9 per unit and is paid for in the month incurred. Fixed overhead is $13,000 per month Dividends of $20,200 are to be paid in May Seven thousand units were produced in February a. Complete a production schedule for March April, and May. (Enter all values as positive value.) Bonell Corporation Production Schedule Abril Forecasted unit Sales 8000 10000 7500 6000 Desired ending Inventory beginning memory March Jums Units to be produced b. Complete a summary of cash payments for March April and May
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