Fantastic Futons Manufactures Futons Finished Goods Inventory at the End of 2009 Was 12,000

question 31

Multiple Choice

Fantastic Futons manufactures futons. The estimated number of futon sales for the first three months of 2010 are as follows:
$\begin{array}{|l|l|}\hline \text { January } & 40,000 \\\hline \text { February } & 50,000 \\\hline \text { March } & 60,000 \\\hline\end{array}$
Finished goods inventory at the end of 2009 was 12,000 units. On average, 25 percent of the futons are produced during the month before they are sold, which normally accounts for the ending balance in finished goods inventory. The planned selling price is $150 per unit.
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What would be the sales budget for March?

• A) $7,200,000
• B) $8,000,000
• C) $6,750,000
• D) $9,000,000

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