35. At January 1, 2020, Jake, Inc. has beginning inventory of 4,000 surfboards. Jake estimates it will sell 15,000 units during the first quarter of 2020 with a 10% increase in sales each quarter. Jake's policy is to maintain an ending inventory equal to 25% of the next quarter's sales. Each surfboard costs $200 and is sold for $250. How many units should Jake produce during the first quarter of 2020? a) 15,125 b) 15,000 c) 12,500 d) 11,000