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Exercise 1) Price, Inc., bottles and distributes mineral water from the company's natural springs in northern Oregon. Price markets two products: 12-ounce disposable plastic bottles

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Exercise 1) Price, Inc., bottles and distributes mineral water from the company's natural springs in northern Oregon. Price markets two products: 12-ounce disposable plastic bottles and 1-gallon reusable plastic containers. Required: A) For 2022, Price marketing managers project monthly sales of 455,500 12-ounce bottles and 202,220 1-gallon containers. Average selling prices are estimated at $0.30 per 12-ounce bottle and $1.75 per 1-gallon container. Prepare a revenues budget for Price, Inc., for the year ending December 31, 2022 B) Price begins 2022 with 980,000 12-ounce bottles in inventory. The vice president of operations requests that 12-ounce bottles ending inventory on December 31, 2022, be no less than 860,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of 12- ounce bottles Price must produce during 2022? C) The VP of operations requests that ending inventory of 1-gallon containers on December 31, 2022, be 543,210 units. If the production budget calls for Price to produce 2,345,678 1-gallon containers during 2022, what is the beginning inventory of 1-gallon containers on January 1, 20222

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