1 Book Hint rences 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 272 units. Prepare a production budget for the months of April, May, and June Budgeted sales units April 680 May 760 June July 710 800 RUIZ COMPANY Production Budget Apot May June Budgeted sales units Add: Desired ending inventory Next period budgeted sales units 760 710 800 Ratio of inventory to future sales 40% 40% 40% Desired ending inventory units Total required units Less Beginning inventory units Units to produce