Required information Ruiz Co. provides the following sales forecast for the next four months: April 600 May 680 June July Sales (units) 630 720 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 180 units. Assume July's budgeted production is 630 units. In addition, each finished unit requires six 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 1,123 pounds Assume direct materials cost $6 per pound. Prepare a production budget for the months of April, May, and June. RUIZ CO. Production Budget For April, May, and June April May June Next month's budgeted sales (units) 680 630 720 Ratio of inventory to future sales 30 % Required units of available production Units to be produced