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 30% of next month's budgeted unit sales. Finished goods inventory on April 1 is 168 units. Prepare a production budget for the months of April, May, and June, April 560 May 640 June 590 July 680 Budgeted sales units RUIZ COMPANY Production Budget April May June 680 640 30% 590 30% Next period budgeted sales units Ratio of Inventory to future sales 30% Total required units Units to produce