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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 20% of next month's budgeted unit sales. Finished goods inventory on April 1 is 132 units. Prepare a production budget for the months of April, May, and June. April 660 May 740 June 690 July 788 Budgeted sales units RUIZ COMPANY Production Budget April May June 740 690 780 Next period budgeted sales units Ratio of inventory to future sales 20% 2096 2096 Total required units Units to produce
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