Polite, Inc., bottles and distributes mineral water from the company's natural springs in northern Oregon. Polite markets two products: 12-ounce disposable plastic bottles and 1-gallon reusable plastic containers Requirement 1. For 2018, Polite marketing managers project monthly sales of 490,000 12-ounce bottles and 140,000 1-gallon containers. Average selling prices are estimated at $0.90 per 12-ounce bottle and $1.90 per 1-gallon container. Prepare a revenues budget for Polite, Inc., for the year ending December 31, 2018 Revenues Budget For Year Ending December 31,2018 X 12-oz bottles 1-gallon containers Budgeted revenues Units Price Total Requirements 1. For 2018, Polite marketing managers project monthly sales of 490,000 12-ounce bottles and 140.000 1-galion containers. Average selling prices are estimated at $0.90 per 12-ounce bottle and $1.90 per 1-gallon container Prepare a revenues budget for Polite, Inc. for the year ending December 31, 2018. 2. Polite begins 2016 with 970,000 12-ounce bottles in inventory. The vice president of operations requests that 12-ounce bottles ending inventory on December 31, 2018, be no less than 680,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of 12-ounce bottles Poite must produce during 2018? 3. The VP of operations requests that ending inventory of 1-gallon containers on December 31, 2018, be 220,000 units. If the production budget calls for Polite to produce 1,400,000 1-gallon containers during 2018, what is the beginning inventory of 1-gallon containers on January 1, 2018?