Wright Lighting Fixtures forecasts its sales in units for the next four months as follows: March April May June 23,000 25,000 22,500 21,000 Wright 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. Labor cost is $9 per unit and is paid for in the month incurred. Fixed overhead is $20,500 per month. Dividends of $21,700 are to be paid in May. The firm produced 22,000 units in February. Complete a production schedule and a summary of cash payments for March, April, and May. Remember that production in any one month is equal to sales plus desired ending inventory minus beginning inventory. Wright Lighting Fixtures Production Schedule March April 23,000 25,000 May 22,500 June 21,000 Projected unit sales Desired ending inventory Total units required Beginning inventory Units to be produced 23,000 25,000 22,500 23,000 25,000 22,500 Cash Payments February March April May Units produced Material cost Labor cost Fixed overhead Dividends Total cash payments $ 0 $ 0 $ 0