Ruiz Co. provides the following sales forecast for the next four months. April 660 May 740 June 690 July 780 Sales (units) 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 264 units. Prepare a production budget for the months of April, May, and June. RUIZ CO. May June 690 40% Production Budget For April, May, and June April Next month's budgeted sales (units) 740 Ratio of inventory to future sales 40% Budgeted ending inventory (units) 296 Budgeted unit sales for month 660 Required units of available production 956 Budgeted beginning inventory (units) (264) Units to be produced 780 40% 312 276 740 690 1,016 1,002