Krause Company manufactures drinking glasses. One unit is a package of eight glasses which sells for $25 Krause projects sales for April will be 1,000 packages, with sales increasing by 200 packages per month for May June, and July. On April 1, Krause has 325 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 Krause for April May, and June April, May, and June April May June Total Budgeted packages to be sold 1,000 1,200 1,400 3,600 S 25 s Sales price per package 25 s 25 $ 25 25,000 $ Total sales 30,000 $ 35,000 $ 90,000 Now prepare a production budget for April, May, and June Krause Company Production Budget April, May, and June April June Total 1,000 May 1,200 120 1,400 3,600 360 100 140 Budgeted packages to be sold Plus Desired packages in ending inventory Total packages needed Less: Packages in beginning inventory 1320 1540 3960 1100 325 100 120 325 775 Budgeted packages to be produced 1220 1,420 3635