Corbett Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $28. Corbett projects sales for April will be 1.500 pacages, with sales increasing by 300 packages per month for May, June and July. On April 1. Corbett has 400 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 Corbett for April May, and June Begin by preparing a sales budget for April, May, and June Corbett Company Sales Budget April, May, and June April May June Total 1800 2100 Budgeted packages to be sold 1500 28 2400 28 28 28 Sales price per package 42000 50400 58800 67200 Total sales Now prepare a production budget for April, May, and June. HINT: Remember that the sales budget flows into the production budget when deciding where to begin in the production budget May June Corbett Company Production Budget April, May, and June April Budgeted packages to be sold 1500 504 Plus: Desired packages in ending inventory Total packages needed Less: Packages in beginning inventory Total 2400 2100 1800 588 Budgeted packages to be produced