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Exercise 7-3 (Algo) Manufacturing: Production budget LO P1 Ruiz Company provides the following budgeted sales...

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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 20% of next month's budgeted unit sales. Finished goods inventory on April 1 is 106 units. Prepare a production budget for the months of April, May, and June. April 530 May 610 June 560 July 650 Budgeted sales units RUIZ COMPANY Production Budget April May June 610 560 650 Next period budgeted sales units Ratio of inventory to future sales 20% 20% 20% Total required units Units to produce

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