Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Ruiz Co. provides the following sales forecast for the next four months. April 630 Sales (units) May 710 June 660 July 750 The company wants

image text in transcribed

Ruiz Co. provides the following sales forecast for the next four months. April 630 Sales (units) May 710 June 660 July 750 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 189 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) 710 Ratio of inventory to future sales 30% May June 660 750 Required units of available production Units to be produced

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions