1. 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	297		74
   Desired inventory (units), June 30	341		64
   Expected sales volume (units):
   East Region	4,050		3,550
   West Region	5,700		4,950
   Unit sales price	$120		$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	Total Sales
   Model Rumble:
   East Region		$	$
   West Region
   Total			$
   Model Thunder:
   East Region		$	$
   West Region
   Total			$
   Total revenue from sales			$

   b. Prepare a production budget.

   Sonic Inc.
   Production Budget
   For the Month Ending June 30
   	Units Model Rumble	Units Model Thunder
   Expected units to be sold
   Total units required
   Total units to be produced