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Krause Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $22. Krause projects sales for April will be 3,000 packages, with sales increasing by 350 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 20% of the next month's sales. Prepare a sales budget and a production budget for Krause for April, May, and June. Krause Company Sales Budget April, May, and June April May June Total Budgeted packages to be sold 3,000 3,350 3,700 10,050 $ 22||$ 22 $ 22 $ Sales price per package 22 $ 66,000 $ 73,700 $ 81,400 $ 221,100 Total sales Now prepare a production budget for April, May, and June. Krause Company Production Budget April, May, and June April June Total May 3,350 Budgeted packages to be sold 3,000 3,700 10,050 Plus: Desired packages in ending inventory Total packages needed Less: Packages in beginning inventory 325 Budgeted packages to be produced