Exercise 20-3 Manufacturing: Production budget LO P1 Ruiz Co provides the following sales forecast for the next four months. Sales (uits) 702 780 730 120 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 Apell is 210 units. Prepare a production budget for the months of April, May, and June RULECO Production Budget Forway, and June June 320 730 720 30% The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finishe goods inventory on April 1is 210 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) 780 Ratio of inventory to future sales 30% May June 820 730 Required units of available production Units to be produced