Ruiz Co. provides the following sales forecast for the next four months: AprilMayJune July Sales (units) 540 The company wants to end each month with ending finished goods inventory equal to 25% of next month's forecasted sales. Finished goods inventory on April 1 is 190 units. Assume July's budgeted production is 540 units. In addition, each finished unit requires five pounds (lbs.) 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 663 pounds. Assume direct materials cost $4 per pound. Prepare a production budget for the months of April, May, and June. RUIZ CO Production Budget For April, May, and June April May June 620 Next month's budgeted sales (units) Ratio of inventory to future sales Budgeted ending inventory (units) 580 540 25% Required units of available production Units to be produced