O Required information Ruiz Co provides the following sales forecast for the next four months April 670 May Sales (units) June 700 July 790 750 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 201 units. Assume July's budgeted production is 700 units. In addition, each finished unit requires four pounds (lbs.) of raw materials and the company wants to end each month with raw materials Inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 833 pounds. Assume direct materials cost $3 per pound. 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 salos (units) 750 Ratio of inventory to future sales 30% May June 700 790 Required units of available production Units to be produced