Kimball Company manufactures drinking glassos. One unit is a package of eight glasses, which sells for S20. Kimball projects sales for April will be 2.500 packages, with sales increasing by 550 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 10% 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 2,500 3,050 3,600 Budgeted packages to be sold Sales price per package Total sales 9,150 20 183.000 20 S $ 50,000 IS 61.000|$ 72,000|$ 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