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

March $29,000

April $31,000

May $28,500

June $27,000

Wright maintains an ending inventory for each month in the amount of two times the expected sales in the following month. The ending inventory for February (Marchs beginning inventory) reflects this policy. Materials cost $6 per unit and are paid for in the month after production. Labor cost is $10 per unit and is paid for in the month incurred. Fixed overhead is $23,500 per month. Dividends of $22,300 are to be paid in May. The firm produced 28,000 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	May	June
Projected unit sales
Desired ending inventory
Total units required	0	0	0
Beginning inventory
Units to be produced	0	0	0

Cash Payments
	February	March	April	May
Units produced
Material cost
Labor cost
Fixed overhead
Dividends
Total cash payments		$0	$0	$