-- Exercise 07-3 Manufacturing: Production budget LO P1 Ruiz Co. provides the following sales forecast for the next four months. 5 points April 600 May 680 Sales (units) June 630 July 720 eBook 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 180 units. Hint Prepare a production budget for the months of April, May, and June. Ask May June Print 630 720 De RUIZ CO Production Budget For April, May, and June April Next month's budgeted sales (units) 680 Ratio of inventory to future sales 30% Budgeted ending inventory (units) Budgeted unit sales for month Required units of available production Budgeted beginning inventory (units) Units to be produced References -- Exercise 07-3 Manufacturing: Production budget LO P1 Ruiz Co. provides the following sales forecast for the next four months. 5 points April 600 May 680 Sales (units) June 630 July 720 eBook 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 180 units. Hint Prepare a production budget for the months of April, May, and June. Ask May June Print 630 720 De RUIZ CO Production Budget For April, May, and June April Next month's budgeted sales (units) 680 Ratio of inventory to future sales 30% Budgeted ending inventory (units) Budgeted unit sales for month Required units of available production Budgeted beginning inventory (units) Units to be produced References