part 1 and part 2

Yan Use the following information for the Exercises below. Ruiz Co provides the following sales forecast for the next four months Sales (units) April May June July See The company wants to end each month with ending finished goods inventory equal to 25% of next month's forecasted sales, Finished goods inventory on April 1 is 190 units. Assume July's budgeted production is 540 units. In addition, each finished unit requires five 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 663 pounds Assume direct materials cost $4 per pound. Exercise 7-3 Manufacturing: Production budget LO P1 Prepare a production budget for the months of April, May, and June. RUIZ CO. Production Budget For April, May, and June April 580 June Next month's budgeted sales funts Rate of inventory to future sales Recured units of avbe production C OMEWORK Ruiz Co provides the following sales forecast for the next four months Sales (units) See 580 540 628 The company wants to end each month with ending finished goods inventory equal to 25% of next month's forecasted sales, Finished goods inventory on April 1 is 190 units. Assume July's budgeted production is 540 units. In addition, each finished unit requires five 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 663 pounds Assume direct materials cost $4 per pound. Exercise 7-4 Manufacturing: Direct materials budget LO P1 Prepare a direct materials budget for April May, and June RUIZ CO. Direct Materials Budget For April, May, and June April Materials to be purchased Totate direct m ost