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 470,000 12-ounce bottles and 150,000 1-gallon containers. Average selling prices are estimated at $0.40 per 12-ounce bottle and $1.30 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 12-oz. bottles Units Price Total 1-gallon containers Budgeted revenues Requirement 2. Price begins 2018 with 990,000 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 630,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of 12-ounce bottles Price must produce during 2018? The minimum number of 12-ounce bottles Price must produce during 2018 is Requirement 3. The VP of operations requests that ending inventory of 1-gallon containers on December 31, 2018, be 210,000 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?