1 20 points Skipped eBook References Exercise 20-3 (Algo) Manufacturing: Production budget LO P1 Ruiz Company provides the following budgeted sales for the next four months. The company wants to end each month with ending finished goods inventory equal to 40% of next month's budgeted unit sales. Finished goods inventory on April 1 is 268 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units Next period budgeted sales units Ratio of inventory to future sales Total required units April 670 Units to produce May 750 RUIZ COMPANY Production Budget April June 700 750 40% July 790 May 700 40% June Check my work 790 40% 2

Exercise 20-3 (Algo) Manufacturing: Production budget LO P1 Ruiz Company provides the following budgoted sales for the next four months. The company wants to end each month with ending finished goods inventory equal to 40% of next month's budpeted unit sales. Finished goods inventory on April 1 is 268 units. Prepare a production budget for the months of April, Msy, and June