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Ruiz Co. provides the following sales forecast for the next four months AprilMay 590 June 540 July 630 Sales (units) 510 The company wants to
Ruiz Co. provides the following sales forecast for the next four months AprilMay 590 June 540 July 630 Sales (units) 510 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 153 units. Assume July's budgeted production is 540 units. In addition, each finished unit requires five pounds (Ibs.) of raw materials and the company wants to end each month with raw materials inventory equal to 20% of next month's production needs. Beginning raw materials inventory or April was 534 pounds. Assume direct materials cost $6 per pound
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