14. Kessler Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $20. Kessler projects sales for April will be 1,500 packages, with sales increasing by 350 packages per month for May, June, and July. On April 1, Kessler has 325 packages on hand but desires to maintain an ending inventory of 20% of the next month's sales. Prepare a sales budget and a production budget for Kessler for April, May, and June. Begin by preparing a sales budget for April, May, and June. Kessler Company Sales Budget April, May, and June May June Total April 5,550 1,500 1,850 2,200 Budgeted packages to be sold 20 $ $ 20 20 Sales price per package 30,000 $ 111,000 $ $ 44,000 37,000 Total sales Now prepare a production budget for April, May, and June. Kessler Company Production Budget April, May, and June Total June May April 5550 2200 1850 1500 (1) Budgeted packages to be sold (2) Desired packages in ending inventory Plus: Total packages needed (3) Packages in beginning inventory Less: Budgeted packages to be produced 20 Please show step by step