Walmart offers the Mainstays Contempo Futon Sofa Bed in four colors (Black pictured), model no. 3155096, for $149 with free shipping. That's $30 off and the lowest total price we could find, although we saw it via pickup only for $10 less a year ago. It features multi-position back and wings and a micro-suede cover.
Walmart still offers the Mainstays Mission Wood Arm Futon in Walnut for $199 with free shipping. That's tied with last week's mention and the lowest total price we could find for this futon by $180. It includes a 6" quilted mattress and converts to a full-size bed.