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At January 1, 2022. Crane Company has beginning inventory of 4000 surfboards. Crane estimates it will sell 15000 units during the first quarter of 2022

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At January 1, 2022. Crane Company has beginning inventory of 4000 surfboards. Crane estimates it will sell 15000 units during the first quarter of 2022 with a 13% increase in sales each for the following quarters. Crane'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? $2873025 $2962500 $712500 $19154

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