Required information Ruiz Co. provides the following sales forecast for the next four months: April May 680 June July 630 Sales (units) 600 720 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 240 units. Assume July's budgeted production is 630 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 948 pounds. Assume direct materials cost $3 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 680 4% 630 Next month's budgeted sales (units) Ratio of inventory to future sales 720 Required units of available production Units to be produced