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Homestyle interiors sells a variety of home furnishings

Question - Homestyle Interiors sells a variety of home furnishings including sleeper sofas. At 31 March, the company had 400 sofas in inventory. The company's policy is to maintain a sleeper sofa inventory equal to 2 per cent of next month's sales. The company expects the following sales activity for the second quarter of the year:

April 1000 sofas

May 1400 sofas

June 2000 sofas

What is the projected production for May?

1468 sofas

1332 sofas

1412 sofas

1388 sofas

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Accounting Basics: Homestyle interiors sells a variety of home furnishings

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Accounting Basics: Homestyle interiors sells a variety of home furnishings

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