Lugo Company manufactures drinking glasses One unit is a package of eight glasses, which sells for $30. Lugo projects sales for April will be 2.000 packages, with sales increasing by 250 packages per month for May, June and July On April 1. Lugo has 325 packages on hand but desires to maintain an ending inventory of 20% of the next month's sales Prepare a sales budget and a production budget for Lugo for April May and June VIVO April, May, and June April May June Total Budgeted packages to be sold 2,000 2,500 6,750 2.250 30$ $ 30 $ 30 $ 30 Sales price per package 60,000$ 67,500 $ 75,000 $ 202,500 Total sales Now prepare a production budget for April May, and June Lugo Company Production Budget April, May, and June April May June Total Budgeted packages to be sold Plus Desired packages in ending inventory Total packages needed Less Packages in beginning inventory Budgeted packages to be produced