Exercise 20-3 Manufacturing: Production budget LO P1 Ruiz Co provides the following sales forecast for the next four months. April June July Sales (units) May 630 710 660 750 The company wants to end esch month with ending finished goods inventory equal to 40% of next month's forecasted sales. Finished goods inventory on April 1 is 252 units. Prepare a production budget for the months of April, May, and June. June RUIZ CO. Production Budget For April, May, and June April Next month's budgeted sales (units) 710 Ratio of inventary to future sales 40% Budgeted ending inventory (units) 264 Budgeted unit sales for month Required units of available production Budgeted beginning inventory (units) Units to be produced May 660 40% 750