Furniture,Inc

question 148

Multiple Choice

Furniture,Inc. ,estimates the following number of mattress sales for the first four months of 2019:

Finished goods inventory at the end of December is 7,000 units.Target ending finished goods inventory is 20% of the next month's sales.
How many mattresses need to be produced in January 2019?

• A)27,800 mattresses
• B)30,160 mattresses
• C)41,800 mattresses
• D)44,160 mattresses

Recognize how business transactions affect the accounting equation and financial statements.

Understand the principles underlying revenue recognition and measurement in accounting.

Identify the characteristics and implications of different financing activities.

Comprehend the effects of stock actions on a company's equity.