2 Exercise 7-3 (Static) Manufacturing: Production budget LO P1 2 points 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 25% of next month's budgeted unit sales Finished goods inventory on April 1 is 125 units. Prepare a production budget for the months of April, May, and June April May June July Budgeted sales units 500 580 540 620 Hint RUIZ COMPANY Production Budget April May June 580 Next period budgeted salos uruts Ratio of inventory to future sales 540 25% 020 2594 25% Total required units Units to produce