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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 25% of next month's budgeted unit sales. Finished goods inventory on April 1 is 125 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units April 500 May June July 580 540 620 RUIZ COMPANY Production Budget April May June Next period budgeted sales units 580 540 620 Ratio of inventory to future sales 25% 25% 25% 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 25% of next month's budgeted unit sales. Finished goods inventory on April 1 is 125 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units April 500 May June July 580 540 620 RUIZ COMPANY Production Budget April May June Next period budgeted sales units 580 540 620 Ratio of inventory to future sales 25% 25% 25% Total required units Units to produce

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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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 25% of next month's budgeted unit sales. Finished goods inventory on April 1 is 125 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units April 500 May June July 580 540 620 RUIZ COMPANY Production Budget April May June Next period budgeted sales units 580 540 620 Ratio of inventory to future sales 25% 25% 25% Total required units Units to produce
Transcribed Image Text: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 25% of next month's budgeted unit sales. Finished goods inventory on April 1 is 125 units. Prepare a production budget for the months of April, May, and June. Budgeted sales units April 500 May June July 580 540 620 RUIZ COMPANY Production Budget April May June Next period budgeted sales units 580 540 620 Ratio of inventory to future sales 25% 25% 25% Total required units Units to produce
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