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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

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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 to 20% of next month's budgeted unit sales. Finished goods inventory on April 1 is 138 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units April 690 May 770 June July 720 810 RUIZ COMPANY Production Budget April May June Next period budgeted sales units 770 720 810 Ratio of inventory to future sales 20% 20% 20% Total required units Units to produce 706 760 738

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