Ruiz Company provides the following budgeted sales for the next four months. The company wants to...
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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 130 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units April 650 May 730 June July 680 770 RUIZ COMPANY Production Budget April May June Next period budgeted sales units 730 680 770 Ratio of inventory to future sales 20% 20% 20% Total required units Units to produce 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 130 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units April 650 May 730 June July 680 770 RUIZ COMPANY Production Budget April May June Next period budgeted sales units 730 680 770 Ratio of inventory to future sales 20% 20% 20% Total required units Units to produce
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