Polite, Inc., bottles and distributes mineral water from the company's natural springs in northern Oregon. Polite markets twoproducts: 12-ounce disposable plastic bottles and 1-gallon reusable plastic containers.

Requirements

1.	For 2021, Polite marketing managers project monthly sales of 440,000 12-ounce bottles and 140,000 1-gallon containers. Average selling prices are estimated at $0.30 per 12-ounce bottle and $1.40 per 1-gallon container. Prepare a revenues budget for Polite, Inc., for the year ending December 31, 2021.
2.	Polite begins 2021 with 920,000 12-ounce bottles in inventory. The vice president of operations requests that 12-ounce bottles ending inventory on December 31,2021, be no less than 640,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of 12-ounce bottles Polite must produce during 2021?
3.	The VP of operations requests that ending inventory of 1-gallon containers on December 31, 2021, be 220,000 units. If the production budget calls for Polite to produce1,100,000 1-gallon containers during 2021, what is the beginning inventory of 1-gallon containers on January 1, 2021?

Requirement 1. For 2021, Polite marketing managers project monthly sales of 440,000 12-ounce bottles and 140,000 1-gallon containers. Average selling prices are estimated at $0.30 per 12-ounce bottle and $1.40 per 1-gallon container. Prepare a revenues budget for Polite, Inc., for the year ending December 31, 2021.

Revenues Budget
For Year Ending December 31, 2021
	Units	Price	Total
12-oz. bottles		0.30
1-gallon containers		1.40
Budgeted revenues

Requirement 2: Polite begins 2021 with 920,000 12-ounce bottles in inventory. The vice president of operations requests that 12-ounce bottles ending inventory on December 31,2021, be no less than 640,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of 12-ounce bottles Polite must produce during 2021?

Requirement 3: The VP of operations requests that ending inventory of 1-gallon containers on December 31, 2021, be 220,000 units. If the production budget calls for Polite to produce1,100,000 1-gallon containers during 2021, what is the beginning inventory of 1-gallon containers on January 1, 2021?