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At January 1, 2020, Deer Safaris Depot had beginning inventory of 2,000 camping kits. Deer estimates it will sell 10,000 units during the first quarter
At January 1, 2020, Deer Safaris Depot had beginning inventory of 2,000 camping kits. Deer estimates it will sell 10,000 units during the first quarter of 2020 with a 12% increase in sales each quarter. Deers policy is to maintain an ending inventory equal to 25% of the next quarters sales. Each camping kit costs Sh 1,000 and is sold for Sh 1,500. Determine the budgeted sales revenue for the third quarter of 2020 and show your workings clearly.
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