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 1 260 71 299 62 Desired inventory (units), June 30 Expected sales volume (units): 3,300 3,700 Midwest Region South Region Unit sales price 5,250 4,550 $135 $185 a. Prepare a sales budget. Sonic Inc. Sales Budget For the Month Ending June 30 Product and Area Unit Sales Volume Unit Selling Price Model: Rumble Midwest Region Total Sales 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