Tatum Company manufactures drinking glasses. One unit is a package of eight glasses, which sells for $15. Tatum projects sales for April will be 3,500 packages, with sales increasing by 200 packages per month for May, June, and July. On April 1, Tatum has 250 packages on hand but desires to maintain an ending inventory of 20% of the next month's sales. Prepare a sales budget and a production budget for Tatum for April, May, and June. Begin by preparing a sales budget for April, May, and June. Tatum Company Sales Budget April, May, and June April May 3,500 3,700 $ 15 $ 15 June Total 3,900 11,100 Budgeted packages to be sold Sales price per package $ 15 $ 15 $ 52,500 $ 55,500 $ 58,500 $ 166,500 Total sales Now prepare a production budget for April, May, and June. Tatum Company Production Budget April, May, and June April May June Total 3500 3700 3900 11100 Plus: Desired packages in ending inventory Total packages needed Less: Packages in beginning inventory Budgeted packages to be produced