Required information Ruiz Co. provides the following sales forecast for the next four months: April May June July 680 Sales (units) 560 640 590 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 168 units. Assume July's budgeted production is 590 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 934 pounds. Assume direct materials cost $4 per pound