Question: can someone help with this chart Exercise 07-3 Manufacturing: Production budget LO P1 Ruiz Co provides the following sales forecast for the next four months.
Exercise 07-3 Manufacturing: Production budget LO P1 Ruiz Co provides the following sales forecast for the next four months. Sales (units) April 590 May 670 June 620 July 710 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 236 units. Prepare a production budget for the months of April, May, and June. May 620 40% June 710 RUIZ CO Production Budget For April, May, and June April Next month's budgeted sales (units) 670 Ratio of inventory to future sales 40% Budgeted ending inventory (units) Budgeted unit sales for month Required units of available production Budgeted beginning inventory (units) Units to be produced
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