Wright Lighting Fixtures forecasts its sales in units for the next four months as follows: March April May June 16,000 18.000 15.500 14.000 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 $17,000 per month. Dividends of $21,000 are to be paid in May. The firm produced 15,000 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 May June 14,000 Projected unit sales Desired ending inventory Total units required Beginning inventory Units to be produced Wright Lighting Fixtures Production Schedule March April 10,000 18,000 54,000 46,500 70,000 64,500 (48,000) (54,000) 22.000 10,500 15,500 42.000 57,500 (46,500) 11,000 Cash Payments February March April May Units produced Material cost Labor cost Fixed overhead Dividends Total cash payments S 0 s 0 $ 0