Shadee Corporation expects to sell 520 sun shades in May and 410 in June. Each shade sells for $160. Shadees beginning and ending finished goods inventories for May are 90 and 50 shades, respectively. Ending finished goods inventory for June will be 65 shades.

E8-5 (Algo) Calculating Sales and Production Budgets [LO 8-3a, b]

Required:

Prepare Shadees sales budget for May and June.

Prepare Shadees production budget for May and June.