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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 40% of next month's budgeted unit sales. Finished goods inventory on April 1 is 248 units. Prepare a production budget for the months of April, May, and June. April Budgeted sales units 620 May 700 June 650 July 740 RUIZ COMPANY Production Budget April May June 700 Next period budgeted sales units Ratio of inventory to futuro sales 650 40% 740 40% 40% Total required units Units to produce

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