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Required information Ruiz Co provides the following sales forecast for the next four months Sales (units) April 690 May 770 June 720 July 810 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 207 units. Assume July's budgeted production is 720 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 40% of next month's production needs. Beginning raw materials inventory for April was 1,142 pounds. Assume direct materials cost $5 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 sales (units) 770 May June 720 810 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) 770 Ratio of inventory to future sales 30% May June 810 720 Required units of available production Units to be produced