Corbett Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $28. Corbett projects sales for April will be 4,500 packages, with sales increasing by 200 packages per month for May, June, and July. On April 1, Corbett has 200 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 Budgeted packages to be sold Sales price per package Total sales April May June Total 4,500 4,700 4,900 14,100 28 $ 28 $ 28 $ 28 126,000 $ 131,600 $ 137,200 $ 394,800 Now prepare a production budget for April, May, and June. Budgeted packages to be sold Corbett Company Production Budget April, May, and June April May June Total 4500 4700 4900 14100 Plus: Desired packages in ending inventory Total packages needed Less: Packages in beginning inventory Budgeted packages to be produced