5. Polanti Company's sales and inventory data for the second quarter of the year: Product T...

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5. Polanti Company's sales and inventory data for the second quarter of the year: Product T sales April May June 320,000 290,000 265,000 Product X sales 130,000 154,000 198,000 Anticipated beginning inventory of T 30,000 25,000 Anticipated beginning inventory of X 16,500 15,000 The current selling price of T is $4 per unit and product X is sold for $12 per unit. On June 1, the price of T will be raised to $5.50 per unit. The company desires to have 12% of the next month's sales in its beginning inventory each month. Required: (18 points) Prepare the following budgets for May A) A sales budget. B) A production budget. 5. Polanti Company's sales and inventory data for the second quarter of the year: Product T sales April May June 320,000 290,000 265,000 Product X sales 130,000 154,000 198,000 Anticipated beginning inventory of T 30,000 25,000 Anticipated beginning inventory of X 16,500 15,000 The current selling price of T is $4 per unit and product X is sold for $12 per unit. On June 1, the price of T will be raised to $5.50 per unit. The company desires to have 12% of the next month's sales in its beginning inventory each month. Required: (18 points) Prepare the following budgets for May A) A sales budget. B) A production budget.

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