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Ruiz Co. provides the following sales forecast for the next four months. April May June July Sales (units) 640 720 670 760 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 256 units. Prepare a production budget for the months of April, May, and June. Next month's budgeted sales (units) Ratio of inventory to future sales Units to be produced Jasper Company has sales on account and for cash. Specically, 58% of its sales are on account and 42% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $527,000 for April, $537,000 for May, and $562,000 for June. The beginning balance of Accounts Receivable is $294,100 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. Sales on account Total sales Cash receipts from: Cash sales Collection of accounts receivable Total budgeted cash receipts