Problem 1 (7 points) Abrams Bottling Company sells fruit-flavored colas. Estimated sales in cartons for May, June, and July are 1,000, 3,000 and 5,000 respectively. The price is forecast at $5 per carton. Abrams requires that finished goods ending inventory be 20% of the next month's sales. Inventory was 500 units on May 1. Each carton requires 12 ounces of fruit syrup. Materials ending inventory is 10% of the next month's production needs. May 1 inventory met that requirement. PLEASE SHOW WORK

A. Budgeted revenue for May is _____________.(1 point)

B. Budgeted production in May is ___________ cartons. (2 points)

C. Budgeted purchases of syrup in May is ___________ ounces. (4 points)