Potts, Inc., bottles and distributes mineral water from the company's natural springs in northern Oregon. Potts markets two products: 12-ounce disposable plastic bottles and 1-gallon reusable plastic containers. Read the requirements. Requirement 1. For 2018, Potts marketing managers project monthly sales of 480,000 12-ounce bottles and 120,000 1-gallon containers. Average selling prices are estimated at $0.80 per 12-ounce bottle and $1.30 per 1-gallon container. Prepare a revenues budget for Potts, Inc., for the year ending December 31, 2018. Revenues Budget For Year Ending December 31,2018 Units Price Total 12-oz. bottles 1-gallon containers Budgeted revenues Requirement 2. Potts begins 2018 with 920,000 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 670,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of 12-ounce bottles Potts must produce during 2018? Production Budget (in Units) For the Year Ending December 31,2018 12 oz. bottles Units to be produced Requirement 3. The VP of operations requests that ending inventory of 1-gallon containers on December 31, 2018, be 270,000 units. If the production budget calls for Potts to produce 1,500,000 1-gallon containers during 2018, what is the beginning inventory of 1-gallon containers on January 1, 2018? The beginning inventory of 1-gallon containers, in units, is on January 1, 2018. Choose from any list or enter any number in the input fields and then continue to the next question. 1. For 2018, Potts marketing managers project monthly sales of 480,000 12-ounce bottles and 120,000 1-gallon containers. Average selling prices are estimated at $0.80 per 12-ounce bottle and $1.30 per 1-gallon container. Prepare a revenues budget for Potts, Inc., for the year ending December 31, 2018. 2. Potts begins 2018 with 920,000 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 670,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of 12-ounce bottles Potts must produce during 2018? 3. The VP of operations requests that ending inventory of 1-gallon containers on December 31, 2018, be 270,000 units. If the production budget calls for Potts to produce 1,500,000 1-gallon containers during 2018, what is the beginning inventory of 1-gallon containers on January 1, 2018