Sales and Production Budgets Sonic Inc. manufactures two models of speakers, Rumble and Thunder. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget: Rumble Thunder Estimated inventory (units), June 1 256 69 Desired inventory (units), June 30 294 60 Expected sales volume (units): Midwest Region 2,950 3,300 South Region 5,450 4,750 Unit sales price $110 $185 a. Prepare a sales budget. Sonic Inc. Sales Budget For the Month Ending June 30 Unit Sales Volume Unit Selling Price Product and Area Total Sales Model: Rumble Midwest Region South Region Total Model: Thunder Midwest Region South Region Total $ Total revenue from sales $ b. Prepare a production budget. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Sonic Inc. Production Budget For the Month Ending June 30 Units Rumble Units Thunder Total units available Total units to be produced