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Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 680 May 760 June 710 July 800 The company wants
Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 680 May 760 June 710 July 800 The company wants to end each month with ending finished goods inventory equal to 20% of next month's forecasted sales. Finished goods inventory on April 1 is 136 units. Prepare a production budget for the months of April, May, and June. May June 800 760 710 RUIZ CO. Production Budget For April, May, and June April Next month's budgeted sales (units) Ratio of inventory to future sales 20% Budgeted ending inventory (units) Budgeted unit sales for month Required units of available production Budgeted beginning inventory (units) Units to be produced
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