1. Based on the following production and sales data of Concrete Co. for March of the current year, prepare (a) a sales budget and (b) a production budget.

Product T Product X

Estimated inventory, March 1 28,000 units 20,000 units

Desired inventory, March 31 32,000 units 15,000 units

Expected sales volume:

Area I 320,000 units 260,000 units

Area II 190,000 units 130,000 units

Unit sales price $6 $14