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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 114 units. Prepare a production budget for the months of April, May, and June. May June April 570 July 690 Budgeted sales units. 650 600 Answer is not complete. May Budgeted sales units Less: Desired ending inventory Next period budgeted sales units Ratio of inventory to future sales Desired ending inventory units Total required units Less: Beginning inventory units Units to produce RUIZ COMPANY Production Budget April 570 650 20% 650 600 20% June 600 690 20%
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