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Ruiz Co. provides the following sales forecast for the next four months. The company wants to end each month with ending finished goods inventory equal
Ruiz Co. provides the following sales forecast for the next four months. 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 232 units. Prepare a production budget for the months of April, May, and June.
Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 580 May 660 June 610 July 700 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 232 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) 660 Ratio of inventory to future sales 40% June May 610 700 Required units of available production Units to be produced
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