Exercise 22-3 (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 20% of next month's budgeted unit sales. Finished goods inventory on April 1 is 128 units. Prepare a production budget for the months of April, May, and June. May July Budgeted sales units April 540 720 June 670 760 RUIZ CO. Production Budget April May June 640 720 670 720 760 Budgeted sales units Add: Desired ending inventory Next period budgeted sales units Ratio of inventory to future sales Desired ending inventory units Total required units essBeoinning inventory units 20% 670 20% 128 144 20% 134 894 768 884