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 76 Desired Inventory (units), June 30 294 Expected sales volume (units): Midwest Region 2,900 2,550 South Region 5,500 6,200 Unit sales price $145 $195 a. Prepare a sales budget. 66 Sonic Inc. Sales Budget For the Month Ending June 30 Unit Sales Volume Unit Selling Price Total Sales Product and Area Model: Rumble Midwest Region South Region Total Model: Thunder Midwest Region South Region I 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 Thundur Total Total units to be produced