Requirements 1. For 2018, Price marketing managers project monthly sales of 480,000 12-ounce bottles and 140,000 1-gallon containers. Average selling prices are estimated at $0.75 per 12-ounce bottle and $1.30 per 1-gallon container. Prepare a revenues budget for Price, Inc., for the year ending December 31 2018 Price begins 2018 with 970,000 12-ounce bottles in inventory. The vice president of operations requests that 12-ounce bottles ending inventory on December 31, 2018, be no less than 670,000 bottles. Based on sales projections as budgeted previously, what is the minimum number of 12-ounce bottles Price must produce during 2018? The VP of operations requests that ending inventory of 1-gallon containers on December 31, 2018, be 300,000 units. If the production budget calls for Price to produce 1,500,000 1-gallon containers during 2018, what is the beginning inventory of 1-gallon containers on January 1, 2018? 2. 3.