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Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 660 May 740 June 690 July 780 The company wants
Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 660 May 740 June 690 July 780 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 198 units. Prepare a production budget for the months of April, May, and June. RUIZ CO. Production Budget For April, May, and June April Next month's budgeted sales (units) 740 Ratio of inventory to future sales 30% May June 690 780 Required units of available production Units to be produced
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