Required information Ruiz Co. provides the following sales forecast for the next four months Sales (units 670 750 700 790 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 is 201 units. Assume July's budgeted production is 700 units. In addition, each finished unit requires five pounds (lbs.) of raw materials inventory equal to 40% of next month's production needs. Beginning raw materials inventory for April was Assume direct materials cost $5 per pound and the company wants to end each month with raw materials Prepare a production budget for the months of April, May,and June Production Budget For April, May, and June Next monthy's budgehed saies (units) Ratio of inventory to future sales Units to be produced 1 2 of 9 3