The Volt Battery Company has forecast its sales in units as follows: January February March April 1,100 May 950 June 900 July 1,400 1,650 1.800 1,500 Volt Battery always keeps an ending inventory equal to 130% 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 purchase. Labor 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. Volt Battery Company Summary of Cash Payments January February March April May June July Projected unit sales Desired ending inventory Total units required Beginning inventory Units to be produced 0 0 0 0 0 0 0 0 0 0 0 0 b. Prepare a monthly summary of cash payments for January through June. Volt produced 900 units in December. Volt Battery Company Summary of Cash Payments December January February March April May June Units produced Material Labor cost Overhead cost Interest Employee bonuses Total cash payments S 05 OS 05 05 5 0