6-26 Revenues and production budget. Price, Inc., bottles and distributes mineral water from the company's natural springs in northern Oregon. Price markets two products: 12-ounce disposable plastic bottles and 1-gallon reusable plastic containers. Required:- 1. For 2015 , Price marketing managers project monthly sales of 420,00012 -ounce bottles and 170,000 1-gallon containers. Average selling prices are estimated at $0.20 per 12-ounce bottle and $1.50 per 1-gallon container. Prepare a revenues budget for Price, Inc., for the year ending December 31,2015 . 2. Price begins 2015 with 890,00012 -ounce bottles in inventory. The vice president of operations requests that 12-ounce bottles ending inventory on December 31,2015 , be no less than 680,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of 12-ounce bottles Price must produce during 2015 ? 3. The VP of operations requests that ending inventory of 1-gallon containers on December 31 , 2015 , be 240,000 units. If the production budget calls for Price to produce 1,900,0001-gallon containers during 2015, what is the beginning inventory of 1-gallon containers on January 1 , 2015