Wright Lighting Fixtures forecasts its sales in units for the next four months as follows:

March 21,000

April 23,000

May 20,500

June 19,000

Wright maintains an ending inventory for each month in the amount of three times the expected sales in the following month. The ending inventory for February (March's beginning inventory) reflects this policy. Materials cost $8 per unit and are paid for in the month after production. Labor cost is $12 per unit and is paid for in the month incurred. Fixed overhead is $19,500 per month. Dividends of $21,500 are to be paid in May. The firm produced 20,000 units in February.

Complete the 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.