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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

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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 115 116 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units April 580 May 660 June 610 July 788 RUIZ COMPANY Production Budget April May June 660 700 Next period budgeted sales units Ratio of inventory to future sales Desired ending inventory units Total required units 610 20% 20% 20% Units to produce 60

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