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HOW DO I CALCULATE? Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 600 May 680 June July 630720
HOW DO I CALCULATE?
Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 600 May 680 June July 630720 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales. Finished goods inventory on April 1 is 180 units. Prepare a production budget for the months of April, May, and June. RUIZ CO. Production Budget For April, May, and June April Next month's budgeted sales (units) 680 Ratio of inventory to future sales 30% May June 630 720 Required units of available production Units to be producedStep by Step Solution
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