1. Sales and Production Budgets

   Harmony Audio Company manufactures two models of speakers, DL and XL. Based on the following production and sales data for September 2016, prepare (a) a sales budget and (b) a production budget.

   	DL		XL
   Estimated inventory (units), September 1	241		71
   Desired inventory (units), September 30	277		62
   Expected sales volume (units):
   East Region	3,000		2,650
   West Region	4,900		5,550
   Unit sales price	$145		$190

   a. Prepare a sales budget.

   Harmony Audio Company
   Sales Budget
   For the Month Ending September 30, 2016
   Product and Area	Unit Sales Volume	Unit Selling Price	Total Sales
   Model DL:
   East Region		$	$
   West Region
   Total			$
   Model XL:
   East Region		$	$
   West Region
   Total			$
   Total revenue from sales			$

   b. Prepare a production budget.

   Harmony Audio Company
   Production Budget
   For the Month Ending September 30, 2016
   	Units Model DL	Units Model XL
   Expected units to be sold
   Plus desired inventory, September 30, 2016
   Total
   Less estimated inventory, September 1, 2016
   Total units to be produced