Required Information Rulz Co. provides the following sales forecast for the next four months Part 1 of 2 April May 676 July 71e sales (units) 590 620 2 points The company wants to end each month with ending finished goods inventory equal to 30% of next months forecasted sales. Finished goods inventory on April 1 ls 177 units Assume July's budgeted production is 620 units. In addition, each finished unit requires five pounds (bs.) 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 924 pounds Assume direct materials cost $4 per pound. Hint Prepare a production budget for the months of April, May, and June. RUIZ CO Production Budget For April, May, and June Ma Nexxt monin's budge:ed sa es (unts 870 620 710 Rato of inventory to future sales 3096 Required units of ava lable producton 1 | 2 |of 27 Next >