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At January 1, 2020, Swifty Inc. has beginning inventory of 4400 surfboards. Swifty estimates it will sell 16200 units during the first quarter of 2020
At January 1, 2020, Swifty Inc. has beginning inventory of 4400 surfboards. Swifty estimates it will sell 16200 units during the first quarter of 2020 with a 10% increase in sales each quarter. Swiftys policy is to maintain an ending inventory equal to 25% of the next quarters sales. Each surfboard costs $150 and is sold for $220. How much is budgeted sales revenue for the third quarter of 2020?
A.$19602
B.$4312440
C.$980100
D.$3564000
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