Kimball Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $24. Kimball projects sales for April will be 1,000 packages, with sales increasing by 350 packages per month for May, June, and July. On April 1, Kimball 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 Kimball for April, May, and June. Begin by preparing a sales budget for April, May, and June. Kimball Company Sales Budget April, May, and June April May June Total Budgeted packages to be sold 1,000 1,350 1,700 4,050 $ 24 $ 24 $ 24 $ 24 Sales price per package $ 24,000 $ 32,400 $ 40,800 $ 97,200 Total sales Now prepare a production budget for April, May, and June. Kimball Company Production Budget April, May, and June April May June Total Plus: Total packages needed Less: Budgeted packages to be produced