Sales (units) April 550 May 630 June 580 July 670 The company wants to end each month with ending finished goods inventory equal to 30% of next month's forecasted sales, Finished goods inventory on April 1 is 165 units. Assume July's budgeted production is 580 units. In addition, each finished unit requires four pounds (lbs.) of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 689 pounds. Assume direct materials cost $4 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 670 Next month's budgeted sales (units) Ratio of inventory to future sales 630 580 30% Required units of available production Units to be produced