Exercise 20-1 (Algo) Budget definitions LO C1 Select each of the terms with the best description of its purpose. Grace manufactures and sells minlature digltal cameras for $220 each. Sales in May were 1,600 units, and management forecasts 4% growth in unit sales each month. (a) Determine the budgeted sales units of cameras for June. (b) Prepare the sales budget for June. Exercise 20-5 (Algo) Manufacturing: Production budget LO P1 Tyler Company budgets the following unit sales for the next four months: April, 3,800 units; May, 4,000 units; June, 6,400 units; and July, 2,000 units. The company's policy is to maintain finished goods Inventory equal to 30% of the next month's unit sales. At the end of March, the company had 1,140 finished units in Inventory. Prepare a production budget for each of the months of April, May, and June