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Wright Lighting Fixtures forecasts its sales in units for the next four months as follows: March 8 , 0 0 0 April 1 0 ,

Wright Lighting Fixtures forecasts its sales in units for the next four months as follows:
March 8,000
April 10,000
May 7,500
June 6,000
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 (Marchs 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 $13,000 per month. Dividends of $20,200 are to be paid in May. The firm produced 7,000 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.
(Thank you!)
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