7-3 Saved He Exercise 7-3 (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 20% of next month's budgeted unit sales. Finished goods inventory on April 1 is 110 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units April 550 May June July 630 580 670 Budgeted sales units RUIZ COMPANY Production Budget April May June 550 630 580 Add: Desired ending inventory Next period budgeted sales units 630 580 670 Ratio of inventory to future sales 20% 20% 20% Desired ending inventory units Total required units Less: Beginning inventory units Units to produce