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USE THIS INFORMATION FOR THE NEXT THREE QUESTIONS Fantastic Futons manufactures futons. The estimated number of futon sales for the first three months of 2021

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USE THIS INFORMATION FOR THE NEXT THREE QUESTIONS Fantastic Futons manufactures futons. The estimated number of futon sales for the first three months of 2021 are as follows: Finished goods inventory at the end of 2020 is expected to be 10,000 units. On average, 25 percent of the futons to be sold in the next month are produced and kept as ending balance in finished goods inventory. The planned selling price is $150 per unit. 4. What would be the sales budget for March 2021 of Fantastic Futons? a. $7,500,000 b. $6,000,000 c. $8,250,000 d. $9,000,000 5. How many futons should be produced in January by Fantastic Futons to fulfill the sales projections and maintain inventory? a. 44,500 b. 28,000 c. 42,500 d. 52,500 6. How many futons should be produced in February by Fantastic Futons to fulfill the sales projections and maintain inventory? a. 51,250 b. 48,750 c. 52,500 d. 55,000

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