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(Part 2): Budgeted packages to be sold, Desired packages in ending inventory, Packages in beginning inventory

Bingham Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $25. Bingham projects sales for April will be 4,000 packages, with sales increasing by 150 packages per month for May, June, and July On April 1, Bingham has 100 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 Sales Budget April, May, and June April May June Total Budgeted packages to be sold Sales price per package Total sales ...... 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