Exercise 07-3 Manufacturing: Production budget LO P1 Rulz Co. provides the following sales forecast for the next four months. Sales (units) April 580 May 660 June 610 July 788 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 174 units. Prepare a production budget for the months of April, May, and June. May June 610 700 RUIZ CO. Production Budget For April, May, and June April Next month's budgeted sales (units) 660 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