Rulz Co. prevides the following sales forecast for the next four months: April May lilraune FFlauw 11 Sales (units) 620 700 650 740 The company wants to end each month with ending finished goods inventory equal to 40% of next month's forecasted sales. Finished goods inventory on April 1 IS 248 units. Assume July's budgeted production is 650 units. In addition, each finished unit requires five pounds (lbs.) of raw materlals and the company wants to end each month with raw materials inventory equal to 40% of next month's production needs. Beginning raw materials inventory for April was 1,304 pounds. Assume direct materlals cost $6 per pound Prepare a production budget for the months of April, May, and June RUIZ CO. Production Budget For April, May, and June April May June Next month's budgeted sales (units) Ratio of inventory to future sales 700 40% 650 740 Required units of available production Units to be produced