ACCOUNTING
Multiple Choice
Furniture, Inc., estimates the following number of mattress sales for the first four months of 20x4:
Month Sales
January 5,000
February 7,000
March 6,500
April 8,000
Finished goods inventory at the end of December is 1,500 units. Target ending finished goods inventory is 30% of next month's sales.
How many mattresses need to be produced in January 20x4?
a. 4,400 mattresses
b. 5,600 mattresses
c. 6,500 mattresses
d. 7,100 mattresses
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