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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

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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 equirements Revenues Budget For Year Ending December 31, 2021 Units Price Total 0.30 12-oz. bottles 425 1-gallon containers Budgeted revenues Check Answ Requirements 1. For 2021, Price marketing managers project monthly sales of 420,000 12-ounce bottles and 160,000 1-gallon containers. Average selling prices are estimated at $0.30 per 12-ounce bottle and $1.25 per 1-gallon container. Prepare a revenues budget for Price, Inc., for the year ending December 31, 2021. 2. Price begins 2021 with 930,000 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 650,000 bottles. Based on sales Print Done Requirements . president of operations requests that 12-ounce bottles ending inventory on December 31, 2021, be no less than 650,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of 12-ounce bottles Price must produce during 2021? 3. The VP of operations requests that ending inventory of 1-gallon containers on December 31, 2021, be 280,000 units. If the production budget calls for Price to produce 1,700,000 1-gallon containers during 2021, what is the beginning inventory of 1-gallon containers on January 1, 2021? Print Done

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