1. Prout, Inc., bottles and distributes mineral water from the company's natural springs in northern Oregon. Prout markets two products: 12-ounce disposable plastic bottles and 1-gallon reusable plastic containers. Read the requirements. Requirement 1. For 2018, Prout marketing managers project monthly sales of 410,000 12-ounce bottles and 110,000 1-gallon containers. Average selling prices are estimated at $0.40 per 12-ounce bottle and $1.20 per 1-gallon container. Prepare a revenues budget for Prout, Inc., for the year ending December 31, 2018. 12-oz. bottles Revenues Budget For Year Ending December 31,2018 Units Price Total 1-gallon containers Budgeted revenues Requirement 2. Prout begins 2018 with 990,000 12-ounce bottles in inventory. The vice president of operations requests that 12-ounce bottles ending inventory on December 31, 2018, be no less than 670,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of 12-ounce bottles Prout must produce during 2018? Production Budget (in Units) For the Year Ending December 31,2018 (1) (2) (3) (4) 12 oz. bottles Units to be produced Requirement 3. The VP of operations requests that ending inventory of 1-gallon containers on December 31, 2018, be 250,000 units. If the production budget calls for Prout to produce 1,000,000 1-gallon containers during 2018, what is the beginning inventory of 1-gallon containers on January 1, 2018? The beginning inventory of 1-gallon containers, in units, is 1: Requirements on January 1, 2018. 1. For 2018, Prout marketing managers project monthly sales of 410,000 12-ounce bottles and 110,000 1-gallon containers. Average selling prices are estimated at $0.40 per 12-ounce bottle and $1.20 per 1-gallon container. Prepare a revenues budget for Prout, Inc., for the year ending December 31, 2018. 2. Prout begins 2018 with 990,000 12-ounce bottles in inventory. The vice president of operations requests that 12-ounce bottles ending inventory on December 31, 2018, be no less than 670,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of 12-ounce bottles Prout must produce during 2018? 3. The VP of operations requests that ending inventory of 1-gallon containers on December 31, 2018, be 250,000 units. If the production budget calls for Prout to produce 1,000,000 1-gallon containers during 2018, what is the beginning inventory of 1-gallon containers on January 1, 2018?