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 40% of next month's budgeted unit sales. Finished goods inventory on April 1 is 256 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units April 640 May 720 June 670 July 760 RUIZ COMPANY Production Budget April May June Next period budgeted sales units 720 670 760 Ratio of inventory to future sales 40% 40% 40% Total required units Units to produce