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 1s 128 units. Prepare a production budget for the months of April, May, and June April June July Budgeted sales units 640 Hay 720 670 760 RUIZ CO. Production Budget April 6401 May June 720 670 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 Loss Beginning inventory units Units to produce 720 20% 128 768 670 20% 144 864 760 20% 134 894