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 232 units. Prepare a production budget for the months of April, May, and June. April Budgeted sales units May 660 June 610 July 700 RUIZ COMPANY Production Budget April May June 660 610 700 Next period budgeted sales units Ratio of inventory to future sales 40% 40% 40% Total required units Units to produce