Exercise 7-3 (Algo) Manufacturing: Production budget LO P1 a 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 30% of next month's budgeted unit sales. Finished goods inventory on April 1is 201 units. Prepare a production budget for the months of April, May, and June. April May June July Budgeted sales units 670 750 700 790 RUIZ COMPANY Production Budget April May June 750 700 790 30% 30% 30% 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 Less: Beginning inventory units Units to produce