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 30% of next month's budgeted unit sales. Finished goods inventory on April 1 is 201 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 670 Units to produce May 750 RUIZ COMPANY Production Budget April June 700 750 30% July 790 May 700 30% June 790 30% D

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 30% of next month's budgeted unit sales. Finished goods inventory on April 1 is 201 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 670 Units to produce May 750 RUIZ COMPANY Production Budget April June 700 750 30% July 790 May 700 30% June 790 30% D

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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