Required information Use the following information for the Exercises below. Ruiz Co. provides the following sales forecast for the next four months: April May June July 640 Sales (units) 520 600 550 The company wants to end each month with ending finished goods inventory equal to 20% of next month's forecasted sales. Finished goods inventory on April 1 is 104 units. Assume July's budgeted production is 550 units. In addition, each finished unit requires five 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 1,072 pounds. Assume direct materials cost $4 per pound