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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 1is 192 units. Prepare a production budget for the months of April, May, and June. April May June July Budgeted sales units 640 729 678 760 RUIZ COMPANY Production Budget April May June 720 670 760 Next period budgeted sales units Ratio of inventory to future sales 30% 3096 309 Total required units Units to produce
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