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At January 1, 2022, Coronado industries has beginning inventory of 2000 surfboards. Coronado estimates it will sell 10000 units during the first quarter of 2022

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At January 1, 2022, Coronado industries has beginning inventory of 2000 surfboards. Coronado estimates it will sell 10000 units during the first quarter of 2022 with a 149 increase in sales each for the following quarters. Coronado's policy is to maintain an ending finished goods inventory equal to 25% of the next quarter's sales. Each surfboard costs $110 and is sold for $150. What is the budgeted sales revenue for the third quarter of 2022? $1950000$450000$1949400$12996

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