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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 140 units. Prepare a production budget for the months of April, May, and June. Apr11 Budgeted sales units 700 May 780 June 730 July 820 RUIZ CO. Production Budget April May June Next period budgeted sales units 780 730 820 Ratio of inventory to future sales 20% 20% 20% Total required units Units to produce

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