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Required information Use the following information for the Exercises below. Ruiz Co. provides the following...

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Accounting

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Required information Use the following information for the Exercises below. Ruiz Co. provides the following sales forecast for the next four months: April May June July 760 Sales (units) 640 720 670 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 192 units. Assume July's budgeted production is 670 units. In addition, each finished unit requires six pounds (Ibs.) 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 1195 pounds. Assume direct materials cost $6 per pound

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