Torres Co. forecasts merchandise purchases of $16,800 in January, $19,600 in February, and $21,200 in March; 50% ofpurchases are paid in the month of purchase and 50% are paid in the following month. At December 31 of the prior year, the balance of Accounts Payable (for December purchases) is $27,000. Prepare a schedule of cash payments for merchandise for each of the months of January, February, and March. A manufacturer reports the following information on its product. Compute the target selling price per unit under absorption costing