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Whight Lighting fatures forecants its sales in unis for the next four mocths as folows: Wright maintains anending inventory for each month in the amount

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Whight Lighting fatures forecants its sales in unis for the next four mocths as folows: Wright maintains anending 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 ivventory) reflects this policy. Materials cost $7 per unit and are paid for in the month after production. Labor cost is $3 per unit and is paid for in the month incurred. Fixed overthead is $10,000 per month Dividends of $14,000 are to be pald in May. The firm produced 8,000 units in February. Complete a production schedule and a summary of cash payments for March, April, and Moy, Remember that production in any one month is equal to sales plus desired ending inventory minus boginning inventory Note: Input all amounts aq ositive values except Beginning inventory values under Production Schedule which should be entered with a minus sign, Leave rf, cells blank be certain to enter 0 wherever required

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