Ultimate Audio Company manufactures two models of speakers, U500 and S1000. Based on the following production and sales data for June, prepare (a) a sales budget and (b) a production budget.

_______________________________________________U500______________S1000

Estimated inventory (units), June 1 ...............................25,000 ....................10,000

Desired inventory (units), June 30 ...............................30,000 ....................15,000

Expected sales volume (units): Northeast Region ............ 140,000 ..................100,000

Southwest Region ...............................................160,000 ..................125,000

Unit sales price ........................................................$45 .......................$80