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 Desired inventory (units), June 30 256 294 63 55 Expected sales volume (units): East Region 2,950 2,600 West Region 5,450 4,750 Unit sales price $140 $225 a. Prepare a sales budget. Sonic Inc. Sales Budget For the Month Ending June 30 Unit Unit Total Sales Selling Sales Volume Price ) Product and Area Model Rumble: East Region West Region Total Model Thunder: East Region West Region Total Total revenue from sales b. Prepare a production budget. Expected units to be sold Total units required Total units to be produced Sonic Inc. Production Budget For the Month Ending June 30 Units Model Rumble Units Model Thunder