Wright Lighting Fixtures forecasts its sales in units for the next four months as follows:...
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Wright Lighting Fixtures forecasts its sales in units for the next four months as follows: March April 19,000 21,000 18,500 17,000 June 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. Fixed overhead is $18,500 per month. Dividends of $21,300 are to be paid in May. The firm produced 18,000 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
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