Exercise 20-3 Manufacturing: Production budget LO P1 Ruiz Co provides the following sales forecast for the next four months. Sales (units) April 690 May 770 June 720 July 810 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 207 units. Prepare a production budget for the months of April, May, and June. Answer is not complete. RUIZ CO. Production Budget For April, May, and June April Next month's budgeted sales (units) 770 Ratio of inventory to future sales Budgeted ending inventory (units) June May 720 810 30% Required units of available production Units to be produced 1 of 1 Next