Please help me to solve this problem Ruiz Company provides the following budgeted sales for the next four months. The company wants to end each month with endingfinished goods inventory equal to 20% of next month's budgeted unit sales. Finished goods inventory on April 1 is 124 units. Prepare aproduction budget for the months of April, May, and June.AprilМayJuneJulyBudgeted sales units620700650740RUIZ COMPANYProduction BudgetAprilMayJuneBudgeted sales units620700650Add: Desired ending inventoryNext period budgeted sales units700650740Ratio of inventory to future sales20%20%20%Budgeted beginning inventory units140130148Total required unitsLess: Desired ending inventory124140130Units to produce

The production budget is prepared to estimate the number of units to be produced during the period.

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 124 units. Prepare a production budget for the months of April, May, and June. April 620 Мay 700 July 740 June Budgeted sales units 650 RUIZ COMPANY

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 124 units. Prepare a production budget for the months of April, May, and June. April 620 Мay 700 July 740 June Budgeted sales units 650 RUIZ COMPANY

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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