Bingham Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $20. Bingham projects sales for April will be 1,000 packages, with sales increasing by 250 packages per month for May, June, and July. On April 1, Bingham has 300 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 Budgeted packages to be sold Sales price per package Total sales Sales Budget April, May, and June April May June Total