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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
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 156 units. Prepare a production budget for the months of April, May, and June. April 520 Budgeted sales units May 600 June 550 July 640 RUIZ COMPANY Production Budget April 544 May June Budgeted sales units 585 5771 600 550 Next period budgeted sales units Ratio of inventory to future sales 640 30% 30% 30% Total required units Units to produce
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