Bingham Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $20. Bingham projects sales for April will be 2,500 packages, with sales increasing by 500 packages per month for May, June, and July. On April 1, Bingham has 325 packages on hand but desires to maintain an ending inventory of 10% of the next month's sales. Prepare a sales budget and a production budget for Bingham for April, May, and June. April $ S Budgeted packages to be sold Sales price per package Total sales Now prepare a production budget for April, May, and June. 2,500 May 3,000 20 $ 50,000 $ 60,000 20 $ $ Budgeted packages to be sold Plus: Desired packages in ending inventory Total packages needed Less: Packages in beginning inventory Budgeted packages to be produced Bingham Company Production Budget April, May, and June April 2,500 June 3,500 20 $ 70,000 $ May 3,000 Total 9,000 20 180,000 June 3,500 Total 9,000 AITS

Now prosare s profuctipe budpet for An- May, ans June