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Ruiz Co provides the following sales forecast for the next four months May 660 June April 580 Sales units) July 700 610 The company wants
Ruiz Co provides the following sales forecast for the next four months May 660 June April 580 Sales units) July 700 610 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 116 units. Prepare a production budget for the months of April, May, and June. May June RUIZ CO Production Budget For April, May, and June April Next month's budgeted sales (units) 660 Rate of inventory to future sales 2096 Budgeted ending inventory (units) 132 Budgeted unic sales for month 580 Required unes of available production 712 Budgeted beginning inventory (units) 712 Units to be produced 610 20% 700 2094 122 140 660 610 750 782 782 750
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