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 250 packages per month for May, June, and July. On April 1, Bingham has 225 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 | Begin by preparing a sales budget for April, May, and June. Bingham Company Sales Budget April, May, and June April May Budgeted packages to be sold 2,500 2,750 20 $ 20 $ Sales price per package 50.000 $ 55,000 $ Total sales June Total 8,250 3,000 20 $ 20 $ $ 60,000 $ 165,000 Now prepare a production budget for April, May, and June. Bingham Company Production Budget April, May, and June April May June Total Plus Total packages needed Less Budgeted packages to be produced