Novak Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $20. Novak projects sales for April will be 2,400 packages, with sales increasing by 300 packages per month for May, June, and July. On April 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 production budget for Novak for April, May, and June. Begin by preparing a sales budget for April, May, and June. Novak Company Sales Budget April, May, and June April May June Total Budgeted packages to be sold Sales price per package Total sales Novak Company Production Budget April, May, and June April May June Total Plus: Total packages needed Less: Budgeted packages to be produced