Bingham Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $28. Bingham projects sales for April will be 1,500 packages with sales increasing by 300 packages per month for May, June, and July. On April 1, Bingham has 150 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 Bingham for April, May, and June Begin by preparing a sales budget for April, May, and June Bingham Company Sales Budget April, May, and June April May June Total 2,100 5,400 28 $42,000$50,400$ 58,800$ 151,200 1,500 1,800 Budgeted packages to be sold Sales price per package Total sales 28 $ 28 $ 28 $ Bingnam Company Production Budget April, May, and June April May June Total Budgeted packages to be sold Plus: Desired packages in ending inventory Total packages needed Less: Packages in beginning inventory Budgeted packages to be produced 1500 1800 2100 5400