Ch 07 Ex 7-3 i Saved Help Save 1 Exercise 07-3 Manufacturing: Production budget LO P1 Ruiz Co. provides the following sales forecast for the next four months. 5 points April June ay July Sales (units) 630 710 660 750 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 189 units. ook Prepare a production budget for the months of April, May, and June. Hint RUIZ CO. Production Budget Ask For April, May, and June April May June Next month's budgeted sales (units) 710 660 750 Print Ratio of inventory to future sales 30% 30% 30% Budgeted ending inventory (units) 225 213 198 References Budgeted unit sales for month 710 660 630 Required units of available production 843 908 885 Budgeted beginning inventory (units) 189 654 Units to be produced