Please provide answers to the blue boxes. Question 9

Wright Lighting Fixtures forecasts its sales in units for the next four months as follows: March10,006 Apriuz, 888 May 9,586 June 8,000 ' Wright maintains an ending inventory for each month in the amount oftwo and one-half times the expected sales in the following month. The ending inventory for February (March's beginning inventory) reects this policy. Materials cost $7 per unit and are paid for in the month after production. Labor cost is $11 per unit and is paid for in the month incurred. Fixed overhead is $14,000 per month. Dividends of $20,400 are to be paid in May. The rm produced 9,000 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. mill-IBI _ .1.1n a.1 Cash Payments Total cash payments _ $ $ 0 $ 0