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 156 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units April 520 May 600 June 550 July 640 Budgeted sales units RUIZ COMPANY Production Budget April May June Add Desired ending inventory Next period budgeted sales units 600 550 640 Ratio of inventory to future sales 30% 30% 30% Desired ending inventory units Total required units Less Beginning inventory units Units to produce