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Exercise 20-3 Manufacturing: Production budget LO P1 Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April May 660 740 June 690 July 780 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 198 units. Prepare a production budget for the months of April, May, and June. Next month's budgeted sales (units) Ratio of inventory to future sales RUIZ CO. Production Budget For April, May, and June Required units of available production Units to be produced April May June 740 690 780 30%

Exercise 20-3 Manufacturing: Production budget LO P1 Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April May 660 740 June 690 July 780 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 198 units. Prepare a production budget for the months of April, May, and June. Next month's budgeted sales (units) Ratio of inventory to future sales RUIZ CO. Production Budget For April, May, and June Required units of available production Units to be produced April May June 740 690 780 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 Manufacturing: Production budget LO P1 Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 660 May June 740 690 July 780 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 198 units. Prepare a production budget for the months of April, May, and June. Next month's budgeted sales (units) Ratio of inventory to future sales RUIZ CO. Production Budget For April, May, and June Required units of available production Units to be produced April May June 740 690 780 30%
Transcribed Image Text:Exercise 20-3 Manufacturing: Production budget LO P1 Ruiz Co. provides the following sales forecast for the next four months. Sales (units) April 660 May June 740 690 July 780 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 198 units. Prepare a production budget for the months of April, May, and June. Next month's budgeted sales (units) Ratio of inventory to future sales RUIZ CO. Production Budget For April, May, and June Required units of available production Units to be produced April May June 740 690 780 30%
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