Hello, I'm currently having trouble with completing a production schedule and a summary of cash...
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Hello, I'm currently having trouble with completing a production schedule and a summary of cash payments for the data below. If anything else is needed, let me know and thank you for the help!
Wright Lighting Fixtures forecasts its sales in units for the next four months as follows: March April May June 15,000 17,000 14,500 13,000 Wright maintains an ending inventory for each month in the amount of two and one-half times the expected sales in the following month. The ending inventory for February (March's beginning inventory) reflects this policy. Materials cost $7 per unit and are poid for in the month ofter production, Labor cost is $11 per unit and is paid for in the month incurred. Fixed overhead is $16.500 per month Dividends of S20 900 are to be paid in May. The firm produced 14,000 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 Schedule March April May June Projected unit sales Desired ending inventory Total units required Beginning inventory Units to be produced 0 0 0 0 0 0 Cash Payments February March April May Units produced Material cost Labor cost Fixed overhead Dividends Total cash payments $ 0 $ 0 $ 0
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