A company manufacturers drinking glasses. One unit is a package of 8 glasses which sell for $20.00 They project sales for April will be 3,000 packages with sales increasing by 100 packages per month for May, June, and July. On April 1, they have 250 packages on hand, but want to maintain an end inventory of 10% of the next month’s sales.
1. Prepare a sales and production budget for April, May, and June. (May pkg produced-3,110)