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Exercise 20-3 (Algo) Manufacturing: Production budget LO P1 Rutz 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 30% of next month's budgeted unit sales. Finished goods inventory on April 1 is 180 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units Next period budgeted sales units Ratio of inventory to future sales Total required units April 600 Units to produce May 680 RUIZ COMPANY Production Budget April June 630 650 30% July 720 May 630 30% June 720 30%

Exercise 20-3 (Algo) Manufacturing: Production budget LO P1 Rutz 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 30% of next month's budgeted unit sales. Finished goods inventory on April 1 is 180 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units Next period budgeted sales units Ratio of inventory to future sales Total required units April 600 Units to produce May 680 RUIZ COMPANY Production Budget April June 630 650 30% July 720 May 630 30% June 720 30%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Exercise 20-3 (Algo) Manufacturing: Production budget LO P1 Rutz 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 30% of next month's budgeted unit sales. Finished goods inventory on April 1 is 180 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units Next period budgeted sales units Ratio of inventory to future sales Total required units April 600 Units to produce May 680 RUIZ COMPANY Production Budget April June 630 600 30% July 720 May 630 30% June 720 30%
Transcribed Image Text:Exercise 20-3 (Algo) Manufacturing: Production budget LO P1 Rutz 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 30% of next month's budgeted unit sales. Finished goods inventory on April 1 is 180 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units Next period budgeted sales units Ratio of inventory to future sales Total required units April 600 Units to produce May 680 RUIZ COMPANY Production Budget April June 630 600 30% July 720 May 630 30% June 720 30%
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