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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 207 units. Prepare a production budget for the months of April, May, and June. April 690 May 770 June 720 July 810 Budgeted sales units RUIZ COMPANY Production Budget April May June 770 720 810 Next period budgeted sales units Ratio of inventory to future sales 30% 30% 30% Total required units Units to produce
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