Question: Wright Lighting Fixtures forecasts Its for the next four months as follows: April 11.000 2,000 Wright maintains an ending inventory for each month in the
Wright Lighting Fixtures forecasts Its for the next four months as follows: April 11.000 2,000 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 (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 paid for in the month incurred. Fbed overhead is $13,500 per month. Dividends of $20,300 are to be paid in May. The firm produced 8,000 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 ScheduleLES March April May Projected unit sales Desired ending inventory Total units required Beginning inventory Units to be produced o IH. 0 February March Units produce Material post Labor cost Fixed Overhead Dividende Total cash payments
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