Exercise 7-3 (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 40% of next month's budgeted unit sales. Finished goods inventory on April 1 is 256 units. Prepare a production budget for the months of April, May, and June. April May July Budgeted sales units 640 720 760 June 670 July April 640 May 720 June 670 760 Budgeted sales units RUIZ COMPANY Production Budget April 640 May June (Budgeted sales units 670 7201 720 670 760 Next period budgeted sales units Ratio of inventory to future sales 40% 40% 40% Total required units Units to produce