May Novak Company manufactures drinking glasses. One unit is a package of eight glasses, which seits for $15. Novak projects sales for April will be 2,500 p 1, Novak 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 product Begin by preparing a sales budget for April, May, and June. Novak Company Sales Budget April, May, and June April June Total Budgeted packages to be sold 2.500 2,550 2,600 7,650 Sales price per package $ 15$ 15$ 15 s 15 Total sales 37,500 $ 38,250 $ 39,000 114.750 Now prepare a production budget for April, May, and June Novak Company Production Budget April, May, and June April May June Total Plus Total packages needed Less Budgeted packages to be produced ells for $15. Novak projects sales for April will be 2,500 packages, with sales increasing by 50 packages per month for May, June, and July. On April next month's sales. Prepare a sales budget and a production budget for Novak for April, May, and June