Required information Ruiz Co. provides the following sales forecast for the next four months: AprilMayJune July 680 760710 800 Sales (units) The company wants to end each month with ending finished goods inventory equal to 40% of next month's forecasted sales. Finished goods inventory on April 1 is 272 units. Assume July's budgeted production is 710 units. In addition, each finished unit requires five pounds (Ibs.) 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 1,068 pounds. Assume direct materials cost $4 per pound. Prepare a production budget for the months of April, May, and June. RUIZ CO Production Budget For April, May, and June May June April 710 800 Next month's budgeted sales (units) 760 Ratio of inventory to future sales 40%, Required units of available production Units to be produced