5. An accu equity balanc ne, and ave 30% dget for 6. A plan that show Coun portat presents predicted amounts of the company's assets, liabilities, balances at the end of the budget period. that shows the units or costs of merchandise to be purchased by a merchandising any during the budget period. formal statement of a company's future plans, usually expressed in monetary terms. plan that shows predicted operating expenses not included in the selling expenses budget. Jen that shows the expected cash inflows and cash outflows during the budget period, in- Wing receipts from any loans needed to maintain a minimum cash balance and repayments 8. A plan that sho 9. A plan that shows with 0% of of such loans. ased o provides the following sales forecast for the next four months: tra- April May June July Sales (units)........... 500 580 540 620 ne The company wants to end each month with ending finished goods inventory equal to 25% of next month frecasted sales. Finished goods inventory on April 1 is 190 units. Assume July's budgeted production 340 units. Prepare a production budget for the months of April, May, and June. acier to the information in Exercise 20-3. In addition, each finished unit requires five pounds of rawr and the company wants to end each month with raw materials inventory equal to 30% of n production needs. Beginning raw materials inventory for April was 663 pounds. Assume di mais cost $4 per pound. Prepare a direct materials budget for April, May, and June, Ruiz Co provides the following sales forecast for the next four months: Exer Man Prod P1 April May June July Sales (units).... ... 500 580 540 620 The company wants to escach month with ending finished goods inventory equal to 25% of next month's forecasted sales. Finished zouds inventory on April 1 is 190 units. Assume July's budgeted production is 540 units. Prepare a production budget for the months of April, May, and June. E Refer to the information in Exercise 20-3. In addition, each finished unit requires five pounds of raw ma- terials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 663 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June