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Ruiz Company provides the following budgeted sales for the next four months. The company wants to end each month with ending finished goods inventory equal

Ruiz Company provides the following budgeted sales for the next four months. The company wants to end each month with ending finished goods inventory equal to 20% of next month's budgeted unit sales. Finished goods inventory on April 1 is 124 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units April 620 May 700 June 650 July 740 Budgeted sales units RUIZ COMPANY Production Budget April May June 620 700 650 Add: Desired ending inventory Next period budgeted sales units 700 650 740 Ratio of inventory to future sales 20% 20% 20% Budgeted beginning inventory units 140 130 148 Total required units Less: Desired ending inventory 124 140 130 Units to produce

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