Wright Lighting Fixtures forecasts its sales in units for the next four months as follows: March April May June 22,000 24,000 21,500 20,000 Wright maintains an ending inventory for each month in the amount of one times the expected sales in the following month. The ending inventory for February (March's beginning inventory) reflects this policy. Materials cost $4 per unit and are paid for in the month after production. Labor cost is $8 per unit and is paid for in the month incurred. Fixed overhead is $20,000 per month. Dividends of $21,600 are to be paid in May. The firm produced 21,000 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. June 20,000 Projected unit sales Desired ending inventory Total units required Beginning inventory Units to be produced Wright Lighting Fixtures Production Schedule March April 22,000 24,000 24,000 21,500 46,000 45,500 32,000 24,000 14,000 21,500 May 21,500 20,000 41,500 21,500 20,000 000 Cash Payments February March 21,000 14,000 April 21,500 May 20,000 Units produced Material cost Labor cost Fixed overhead Dividends Total cash payments