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Exercise 20-3 (Algo) Manufacturing: Production budget LO P1 Ruiz Company provides the following budgeted sales...

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Exercise 20-3 (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 40% of next month's budgeted unit sales. Finished goods inventory on April 1 is 224 units. Prepare a production budget for the months of April, May, and June. April 560 May 640 June 590 Budgeted sales units July 680 RUIZ COMPANY Production Budget April May June 590 680 Next period budgeted sales units Ratio of inventory to future sales 640 40% 40% 40% Total required units Units to produce

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