1. For 2021, Polin marketing managers project monthly sales of 410,000 12-ounce bottles and 190,000 1-gallon containers. Average selling prices are estimated at $0.80 per 12-ounce bottle and $1.25 per 1-gallon container. Prepare a revenues budget for Polin, Inc., for the year ending December 31, 2021. 2. Polin begins 2021 with 950,000 12-ounce bottles in inventory. The vice president of operations requests that 12-ounce bottles ending inventory on December 31, 2021, be no less than 630,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of 12-ounce bottles Polin must produce during 2021? 3. The VP of operations requests that ending inventory of 1-gallon containers on December 31, 2021, be 260,000 units. If the production budget calls for Polin to produce 1,400,000 1-gallon containers during 2021, what is the beginning inventory of 1-gallon containers on January 1, 2021? Requirement 1. For 2021, Potts marketing managers project monthly sales of 470,000 12-ounce bottles and 130,000 1-gallon containers. Average selling prices are estimated at $0.90 per 12-ounce bottle and $1.40 per 1-gallon container. Prepare a revenues budget for Potts, Inc., for the year ending December 31, 2021. Revenues Budget For Year Ending December 31, 2021 Units Price Total 12-oz. bottles 5,640,000 $ 0.90 $ 5,076,000 2,184,000 1-gallon containers 1,560,000 $ 1.40 $ 7,260,000 Budgeted revenues Requirement 2. Potts begins 2021 with 920,000 12-ounce bottles in inventory. The vice president of operations requests that 12-ounce bottles ending inventory on December 31, 2021, be no less than 640,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of 12-ounce bottles Potts must produce during 2021? Production Budget (in Units) For the Year Ending December 31, 2021 For the Year Ending December 31, 2021 12 oz. bottles Budgeted sales in units Add target ending finished goods inventory Total requirements 5,640,000 640,000 6,280,000 920,000 Deduct beginning finished goods inventory Units to be produced 5,360,000 Requirement 3. The VP of operations requests that ending inventory of 1-gallon containers on December 31, 2021, be 220,000 units. If the production budget calls for Potts to produce 1,200,000 1-gallon containers during 2021, what is the beginning inventory of 1-gallon containers on January 1, 2021? On January 1, 2021, the beginning inventory of 1-gallon containers, in units, is