Price, Inc., bottles and distributes mineral water from the company's natural springs in northern Oregon. Price markets two products: 12-ounce disposable plastic bottles and 1-gallon reusable plastic containers. Read the requirements. Requirement 1. For 2018, Price marketing managers project monthly sales of 460,000 12-ounce bottles and 110,000 1-gallon containers. Average selling prices are estimated at $0.40 per 12-ounce bottle and $1.40 per 1-gallon container. Prepare a revenues budget for Price, Inc., for the year ending December 31, 2018. Revenues Budget For Year Ending December 31, 2018 Units Price 12-oz. bottles 5520000 ,40 1-gallon containers 1320000 1.80 Budgeted revenues Total 2208000 2376000 4584000 Requirement 2. Price begins 2018 with 910,000 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 700,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of 12-ounce bottles Price must produce during 2018? Production Budget (in Units) For the Year Ending December 31,2018 12 oz. bottles Budgeted sales in units 5520000 Add target ending finished goods inventory Total requirements Deduct beginning finished goods inventory Units to be produced Requirement 3. The VP of operations requests that ending inventory of 1-gallon containers on December 31, 2018, be 300,000 units. If the production budget calls for Price to produce 1,200,000 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