Required information Use the following information for the Exercises below. Ruiz Co. provides the following sales forecast for the next four months: July 680 Sales (units) 360 640 590 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 224 units. Assume July's budgeted production is 590 units. In addition, each finished unit requires four pounds (lbs.) of raw materials and the company wants to end each month with rew materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 710 pounds. Assume direct materials cost $3 per pound