Transcribed image text: Exercise 7-3 (Algo) Manufacturing: Production budget LO P1 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 30% of next month's budgeted unit sales. Finished goods inventory on April 1 is 195 units. Prepare a production budget for the months of April, May, and June. April 650 May 730 June 680 July 770 Budgeted sales units RUIZ COMPANY Production Budget April May June 730 680 770 Next period budgeted sales units Ratio of inventory to future sales 30% 30% 30% Total required units Units to produce