Use the information below to answer the following question(s).
Furniture Inc. estimates the following number of mattress sales for the first four months of 2016:

Finished goods inventory at the end of December 2015 is 1,500 units. Target ending finished goods inventory is 30% of the next month's sales.
-How many mattresses need to be produced in January 2016?

Question

Use the information below to answer the following question(s).
Furniture Inc. estimates the following number of mattress sales for the first four months of 2016:
  
Finished goods inventory at the end of December 2015 is 1,500 units. Target ending finished goods inventory is 30% of the next month's sales.
-How many mattresses need to be produced in January 2016?

Quizplus · Accepted Answer

D) 5,000 + (7,000 × 0.30) - 1,500 = 5,600 mattresses

Use the Information Below to Answer the Following Question(s)