Ruiz Co. provides the following sales forecast for the next four months: Sales (units) 560 640 590 680 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. Assume July's budgeted production is 590 units. In addition, each finished unit requires four pounds (Ibs.) of raw materials and the company wants to end each month with raw materials inventory equal to 40% of next month's production needs. Beginning raw materials inventory for April was 934 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 Next month's budgeted sales (units) Ratio of inventory to future sales 640 30% 590 680 udgeted ending inventory (units) udgeted unit sales for month 560 640 590 Required units of available production udgeted beginning inventory (units) (168) Units to be produced