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Wright Lighting Fixtures forecasts its sales in units for the next four months as follows: table [ [ March , 7 , 0 0
Wright Lighting Fixtures forecasts its sales in units for the next four months as follows:
tableMarchAprilMayJune
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 Marchs beginning inventory reflects this policy. Materials cost $ per unit and are paid for in the month after production. Labor cost is $ per unit and is paid for in the month incurred. Fixed overhead is $ per month. Dividends of $ are to be paid in May. The firm produced 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.
Note: Input all amounts as positive values except Beginning inventory values under Production Schedule which should be entered with a minus sign. Leave no cells blank be certain to enter wherever required.
tableWright Lighting FixturesProduction ScheduleMarch,April,May,JuneProjected unit salesDesired ending inventoryTotal units required,Beginning inventoryUnits to be produced,
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