Wright maintains an ending inventory for each month in the amount of two times the expected sales in thr following month. The ending inventory for February (March's 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 for in the month incurred. Fixed overhead is $16,000 per month. Dividends og $20,800 are to be paid in May. The firm produced $13,000 units i. February.

Complete a production schedule and a summary of cash payments for March, April, and Remember that production in any one month is equal to sales plus desired ending inventory minus beginnning inventory.