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 40% of next month's budgeted unit sales. Finished goods inventory on April 1 is 208 units. Prepare a production budget for the months of April, May, and June. April May June July Budgeted sales units 520 600 550 640 RUIZ COMPANY Production Budget April May June Next period budgeted sales units 600 550 640 Ratio of inventory to future sales 40% 40% 40% Total required units Units to produce
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