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At January 1, 2019,Concord Corporationhas beginning inventory of3000surfboards.Concordestimates it will sell10000units during the first quarter of 2019 with a12% increase in sales each quarter.Concord's policy

At January 1, 2019,Concord Corporationhas beginning inventory of3000surfboards.Concordestimates it will sell10000units during the first quarter of 2019 with a12% increase in sales each quarter.Concord's policy is to maintain an ending inventory equal to25% of the next quarter's sales. Each surfboard costs $100and is sold for $150. How much is budgeted sales revenue for the third quarter of 2019?

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