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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
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 40% of next month's budgeted unit sales, Finished goods Inventory on April 1 is 216 units. Prepare a production budget for the months of April, May, and June. April May June July Budgeted sales units. 540 620 570 660 RUIZ COMPANY Production Budget Budgeted sales units April May June 540 620 570 Add: Desired ending inventory Next period budgeted sales units 620 570 660 Ratio of inventory to future sales 40% 40% 40% Desired ending inventory units 248 228 2641 < Prev 2 of 11 Next >
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