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3 Wright Lighting Fixtures forecasts its sales in units for the next four months as follows: March April May June 28,000 30,000 27,500 26,600 Book Hint Wright maintains an ending inventory for each month in the amount of one 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 $5 per unit and are paid in the month after production. Labor cost is $9 per unit and is paid for in the month incurred. Fixed overhead is $23,000 per month Dividends of $22,200 are to be paid in May. The firm produced 27.000 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. Print erences Wright Lighting Fixtures Production Schedule March April May June Projected unit sales Desired ending inventory Total units required Beginning inventory Units to be produced

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Ans. Wright Lighting fixtures Production Schedule March Apsil May June Projected thit Sales 28000 30,000 27.500 26.000 Desired ending Inventory 45.00 41,950 39000 Total Units requised 73000 71,950 66,500 26,000 Beginning Inventory 42000 45000 41,950 39,000 Units to be produced 31,000 26,250 25,250 Cash Payments February March April May Units Produced 27,000 31,000 26,950 25,950 Material Cost 135,000 1,55,000 1,31250 279,000 2,36290 297250 Labour Cost 23,000 23,000 23,000 fixed Overhead 22,200 Dividends 2,66,000 14,37,000 444250 403,700 Total Cash Payments 243000 23.000