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Ruiz Co. provides the following sales forecast for the next four months. April 560 May 640 June 590 July 680 Sales (units) The company wants
Ruiz Co. provides the following sales forecast for the next four months. April 560 May 640 June 590 July 680 Sales (units) 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 168 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) 640 Ratio of inventory to future sales 30% May June 590 680 Required units of available production Units to be produced 5841 625 617 Zira Co. reports the following production budget for the next four months. April 714 May 755 June 747 July 727 Production (units) Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 857 pounds. Assume direct materials cost $4 per pound. Prepare a direct materials budget for April, May, and June. (Round your intermediate calculations and final answers to the nearest whole dollar amount.) ZIRA CO. Direct Materials Budget For April, May, and June April May June Budgeted production (units) Materials needed for production (lbs.) Total materials requirements (lbs.) Materials to be purchased (lbs.) Total budgeted direct materials cost
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