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Need help filling in the blank Exercise 20-3 Manufacturing: Production budget LO P1 Ruiz Co. provides the following sales forecast for the next four months.
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Exercise 20-3 Manufacturing: Production budget LO P1 Ruiz Co. provides the following sales forecast for the next four months. April 620 May 700 June 650 July 740 Sales (units) 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 186 units. Prepare a production budget for the months of April, May, and June. June RUIZ CO Production Budget For April, May, and June April Next month's budgeted sales (units) 700 Ratio of inventory to future sales 30% Budgeted ending inventory (units) 210 Budgeted unit sales for month Required units of available production Budgeted beginning inventory (units) Units to be produced May 650 30% 195 740 30% 222Step by Step Solution
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