Lugo Company manufactures drinking glasses One unit is a package of eight glasses, which sells for $28 Lugo projects sales for April will be 5.000 packages, wur sales increasing by 150 packages per month for May June and July On April 1, Lugo 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 Lugo for April May and June Total sales Now prepare a production budget for Apol, May, and June Lugo Company Production Budget April, May, and June April May June Budgeted packages to be sold 5,000 5 150 5300 15.450 Plus Desired packages in ending inventory Total Dadagen needed Less Packages in beginning inventory 325 325 Total Budoted backages to be produced Lugo Company manufactures drinking glasses. One unit is a package of eight glasses which sells for $28 Lugo projects sales for April will be 5,000 packages, wil sales increasing by 150 packages per month for May, June, and July On April 1, Lugo 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 Lugo for April, May, and June Total sales Now prepare a production budget for April May, and June Lugo Company Production Budget April, May, and June April May June Total A Budgeted packages to be sold 5,000 5,150 5,300 15.450 Plus Desired packages in ending inventory Total packages needed Less Packages in beginning inventory 325 325 Budgeted packages to be produced Lugo Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $28 Lugo projects sales increasing by 150 packages per month for May, June and July. On April 1. Lugo has 325 packages on hand but de 10% of the next month's sales. Prepare a sales budget and a production budget for Lugo for April, May, and June. Begin by preparing a sales budget for April, May, and June Lugo Company Sales Budget April, May, and June April May 5.000 5.150 $ 28||$ 28 || $ June Total 5.300 15,450 Budgeted packages to be sold Sales price per package Total sales 28 |$ 28 $ 140,000$ 144,200 $ 148,400 $ 432.600 Now prepare a production budget for April, May, and June