Fantastic Futon has the following projected unit sales for the next 3 months January 40,000...
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Fantastic Futon has the following projected unit sales for the next 3 months January 40,000 February 50,000 March 55,000 Finished goods inventory is expected to be 10,000 units on December 31, 2017 On average, 25% of the futons to be sold in the next month are produced and kept as the ending balance in finished goods inventory. The planned selling price is $150 per unit a) What is the budgeted sales dollars for March 2018? b) How many futons should be produced in January to fulfill sales projections and maintain inventory? c) How many futons should be produced in February to fulfill sales projections and maintain inventory
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