Required information Ruiz Co. provides the following sales forecast for the next four months: Sales (units) April 700 May 780 June 730 July 820 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 210 units. Assume July's budgeted production is 730 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 1,303 pounds. Assume direct materials cost $6 per pound. Prepare a production budget for the months of April, May, and June. May RUIZ CO. Production Budget For April, May, and June April Next month's budgeted sales (units) 780 Ratio of inventory to future sales 30% Budgeted ending inventory (units) Budgeted unit sales for month Required units of available production June 820 730 Units to be produced