Exercise 20-3 (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 30% of next month's budgeted unit sales. Finished goods inventory on April 1is 180 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units July udgeted sales units Next penod budgeted sales units Rabio of inventory to future sale Total required u Units to produce RUIZ COMPANY Production Budget Apri May June 630 680 30 220 30% 30% 30% 18 22 Next > Help Save & Ext Submit apters 18-21) Exercise 20-3 (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 30% of next month's budgeted unit sales. Finished goods inventory on April 1 is 180 units. Prepare a production budget for the months of April, May, and June, Budgeted sales units April 600 May Budgeted sales unit June 630 July 720 RUIZ COMPANY Production Budget Apri May June 600 600 630 Next period trudgeted sales units 600 630 720 Ratio of inventory to tature sales 30% 30% 30% Total qured unt Less Beginning inventory units Units to produce Help Save & Exit Submit