Exercise 20-3 Manufacturing: Production budget LO P1 Ruiz Co. provides the following sales forecast for the next four months. April 560 Sales (units) May 640 June 590 July 680 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 168 units. Prepare a production budget for the months of April, May, and June. RUIZ CO. Production Budget For April, May, and June April Next month's budgeted sales (units) 640 Ratio of inventory to future sales 30% May June 590 680 Required units of available production Units to be produced