Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed

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 30% of next month's budgeted unit sales. Finished goods inventory on April 1 is 159 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units April 530 May 610 June 560 July 650 Budgeted sales units RUIZ COMPANY Production Budget April May June Add: Desired ending inventory Next period budgeted sales units 610 560 650 Ratio of inventory to future sales 30% 30% 30% Desired ending inventory units Total required units Less: Beginning inventory units Units to produce

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

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

Get Started

Recommended Textbook for

Financial Accounting Tools for business decision making

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

6th Edition

978-1119191674, 047053477X, 111919167X, 978-0470534779

More Books

Students also viewed these Accounting questions